The star of Qatar 2022, the international from Argentina, moves to Anfield for what is thought to be an initial price of about $35. It may increase to £55m, according to sources.
Argentinos Juniors' Mac Allister was acquired, and he spent four years at Brighton, including two loan stints back in his native country.
The 24-year-old's arrival is likely to mark the start of what appears to be a hectic summer at Anfield, where Jurgen Klopp is aiming to retool a team that failed to qualify for the Champions League this season.
For Liverpool, the midfield is a specific area of need. James Milner, Alex Oxlade-Chamberlain, and Naby Keita are all.
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