Benfica's Darwin Nunez falls to the ground in a clash with Porto's Otavio (right) during the Portuguese league soccer match between SL Benfica and FC Porto at the Luz stadium in Lisbon on May 7, 2022. (PEDRO ROCHA / AP)

LONDON - Portuguese club Benfica have issued a statement confirming they have reached agreement with Liverpool for the transfer of forward Darwin Nunez in a deal that could be worth up to 100 million euros ($105 million).

Benfica issued a statement in the early hours of Monday morning, explaining that Liverpool will pay an initial 75 million euros, with possible 'add-ons' of 25 million.

"In the early morning hours of this Monday (0:44 am), Sport Lisboa e Benfica - Futebol, SAD informed the Securities Market Commission (CMVM) that it had reached an agreement with Liverpool FC for the sale of all rights to the player Darwin Nunez, for the amount of 75 million euros."

Benfica issued a statement in the early hours of Monday morning, explaining that Liverpool will pay an initial 75 million euros, with possible 'add-ons' of 25 million

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"To the CMVM, Benfica's SAD also informed that 'the agreement provides for the payment of a variable remuneration, so the global amount of the sale could reach the amount of 100 million euros," reads that statement, which adds that Nunez has still to agree personal terms with Liverpool.

"It is further informed that the aforementioned agreement is dependent on the signing of the player's sports employment contract with Liverpool FC," it reads.

Nunez is expected to undergo his medical with Liverpool this Monday and the club sees him as the replacement for Sadio Mane after the Senegalese forward announced his intention to leave Anfield following this season's Champions League final.

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The 22-year-old joined Benfica after scoring 16 goals in 32 appearances for Spanish side Almeria. He has played 85 times for the Lisbon-based giants, scoring 45 goals and is able to play across the front three.