The Merseysiders announced one hour before the window shut on Thursday night they have agreed to sign the midfielder, 26, on loan from Juventus.
The deal includes a buy option set at £32.5m, which comes into effect at the end of the season, as well as a loan fee of £4m.
In addition, Liverpool will pay most of Arthur’s £4.3million-a-year salary, equivalent to around £80,000-a-week.

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