Arne Slot was fired from the club after a disappointing season. Now Romano reports that his replacement is 100 percent ready, and that the parties have reached an agreement after negotiations in recent days.
Andoni Iraola led Bournemouth to sixth place last season - the club's highest ever Premier League finish.
At Liverpool, he will coach Alexander Isak, among others.
Liverpool finished fifth in the league and were eliminated by eventual champions Paris Saint-Germain in the Champions League quarter-finals.
