The Portuguese international forward has agreed a five-year deal and will follow Thiago Alcantara in moving to the Premier League champions.
On Friday, Liverpool confirmed the £27m arrival of midfielder Thiago Alcantara from Bayern Munich, the Spaniard putting pen-to-paper on a four-year contract as he takes over the No.6 jersey from the departed Dejan Lovren.
And the Reds will now follow up that capture by adding Jota, the 23-year-old who has made a big impact since moving to Wolves in 2017.
Able to play in a variety of positions across the front line, the former Atletico Madrid man is seen as the ideal signing to provide cover for Liverpool’s established front three of Mohamed Salah, Sadio Mane and Roberto Firmino.
Jota has scored 44 goals in 131 appearances for Wolves, and has impressed Klopp with his work-rate, determination and flexibility when the sides have met previously.
Liverpool have moved quickly to secure the deal having deemed another target, Watford’s Ismaila Sarr, too expensive.
The Reds were keen on a deal for the Senegal winger, who scored twice to condemn them to their first league defeat of last season back in February, but were reluctant to meet the Hornets’ £40m asking price and thus decided to turn their attention to Jota.
Sources have said that the deal will be worth a guaranteed £41m but that, crucially, Wolves have agreed to flexible payment terms which will see Liverpool pay as little as 10 per cent of that figure over the next 12 months.