The Liverpool Football Club confirmed that they have agreed to sell Uruguay forward Luis Suárez to Barcelona, the team announced Friday.
Suárez will receive a five-year deal and will travel to Barcelona to complete a physical.
The fee is reportedly worth £75 million, or approximately $128 million.
A Liverpool statement said:
We would like to thank Luis for his contribution and the role he played in helping bring Champions League football back to Anfield. Everyone at Liverpool Football Club wishes Luis and his family well for the future.
Suárez's appeal of his suspension for biting Italy's Giorgio Chiellini during a World Cup match on June 24 was denied Thursday by FIFA. He was also banned for nine of Uruguay's matches in addition to a four-month ban from all soccer-related events.
"It is with a heavy heart that I leave Liverpool for a new life and new challenges in Spain. Both me and my family have fallen in love with this club and with the city.
"But most of all I have fallen in love with the incredible fans. You have always supported me and we, as a family, will never forget it, we will always be Liverpool supporters.
"I hope you can all understand why I have made this decision. This club did all they could to get me to stay, but playing and living in Spain, where my wife's family live, is a lifelong dream and ambition. I believe now the timing is right.
GALLERY: Biting in Sports
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