Swansea have confirmed that Brendan Rodgers has told the club he wants to leave to become the new manager of Liverpool.
The 39-year-old Northern Irishman rejected an initial approach from Fenway Sports Group (FSG) due to the large number of candidates reportedly considered. But FSG, who also held talks with Wigan boss Roberto Martinez, made a renewed approach to Swansea chairman Huw Jenkins, with Rodgers this time keen to hold discussions with Anfield chiefs.
Those talks were held on Wednesday afternoon and Rodgers has asked to leave so he can become Kenny Dalglish's successor on a three-year deal, with the two clubs now holding discussions over compensation.
Jenkins said in a statement: "I was contacted by Liverpool and they expressed their wish to speak to Brendan regarding their vacancy. I had a discussion with Brendan to talk about their interest and his views on whether he wanted to speak to Liverpool. He expressed his wish with me to do that and he has spoken to Liverpool.
"Following on from discussions with Liverpool's owners Brendan has informed us that he would like to take up their offer to manage Liverpool. At the moment we are currently in talks with the owners to agree compensation. We hope to finalise that within the next 24 hours."
It is anticipated Liverpool will have to pay between £4million and £5million as Rodgers only signed a new three-and-a-half-year contract in February.
Despite Rodgers' recently-signed contract Jenkins insisted they would not block a move to one of Europe's most decorated clubs.
"Although we are very disappointed to lose such a talented, young British manager, we didn't wish to stand in his way," added the Swans chairman. "As always at Swansea City, we want people working here who are fully committed to the task ahead.
"We wish Brendan every success in the future. We will always remain good friends and we thank him for all his hard work and passion at this football club over the past two years.
"We shall now refocus and quickly start the process of finding his replacement to continue the great work Brendan has carried out at this football club."