Inter Milan have signed Curtis Jones from Liverpool in a deal worth 35m euros (£30m).
The Reds accepted an offer worth 30m euros (£25.7m) plus 5m euros (£4.3m) in add-ons for the 25-year-old midfielder, who has signed a contract with Inter running until 2031.
“It’s a club that I’ve wanted to join for a while now so I’m excited,” Jones said.
“I’m a Scouse kid who came all the way through [at Liverpool] but I’m at a point now when I want to take the next step and I think this is the perfect club.”
Liverpool have negotiated a 10% sell-on clause as part of the deal.
In June, Liverpool rejected a verbal offer of 25m euros (£21.7m) from the Serie A champions, with the Premier League side valuing their academy graduate, who had one year left on his contract, at about £35m.
More recently, Liverpool suggested that something in line with the £30m package that Inter paid Tottenham for Djed Spence would probably mean a deal being struck.
Inter were interested in Jones in January and proposed a loan with a view to a transfer, but that was turned down by Liverpool.
Jones made 228 appearances for Liverpool, having been given his debut by Jurgen Klopp in 2019.
Last season, he played 49 times in all competitions but only made 18 starts in the Premier League and struggled to secure a regular starting spot in midfield under Arne Slot.
Jones, who joined Liverpool’s academy at the age of nine, has become the third English player to join Inter this summer, after John Stones and Spence.
“After 16 years, it’s time to say goodbye,” he wrote on Instagram.
“This club is all I’ve ever known. I came here as a kid and I’m leaving as a man with a family of my own, which probably puts into perspective just how much of my life I’ve spent here.
“Liverpool will always be a massive part of me. I came here as a kid with a dream, and I’m leaving having lived it.”