Liverpool have agreed a new deal with rising star Harvey Elliott worth more than £3million in total.

The Merseyside giants announced earlier this week that the attacker, 17, has put pen to paper on his first professional contract.

A Liverpool source has told Football Insider that Elliott’s deal is in excess of £20,000-a-week.

It is worth more than £3m in wages across the agreement, which runs until the summer of 2023.

FA rules mean players at English clubs can only sign for an initial three-year term when they first turn professional.

Liverpool have handed Elliott such lucrative terms on the back of his impressive debut campaign since signing from Fulham last year.

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Jurgen Klopp has big plans for the left-footed attacker and is ready to hand him even more game time next season as part of a carefully formulated development plan.

Elliott, who primarily plays on the right flank, is the youngest player to ever appear in the Premier League.

He has already accumulated eight senior appearances, six of them as a starter in cup competitions, despite spending most of the season playing for the Under-23s.

Liverpool and Fulham are still to agree a fee for him a year after his arrival.

The Londoners want a compensation package which includes an upfront payment of more than £7million and a sell-on clause in which they would receive a percentage of any profit the runaway Premier League leaders make on his sale.

In other Liverpool news, Kevin Phillips backs Reds to sign “phenomenal” Henderson replacement after James Pearce reveal.

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