A bid to trigger the Belgium international’s release clause was submitted on Friday and Reds chief executive Ian Ayre, who is with the squad in Australia on their pre-season tour, has been conducting negotiations over the weekend as to just how and when that money will be paid.
It is understood a satisfactory conclusion has been reached in those discussions with Liverpool believed to be paying half the fee up front.
The 24-year-old will now undergo a medical, which is likely to take place on Monday evening or Tuesday morning,
As a result Benteke will not be joining his new team-mates for the remainder of their tour, with the squad due to fly to Kuala Lumpur for a match against a Malaysia XI on Friday after Monday’s friendly against Adelaide United.
Ayre stayed up through the night in Australia to thrash out the final terms of the deal, which will see the Reds pay £16million up front with further payments over the course of the deal taking it up to the full £32.5million.
Dr Andy Massey will now fly home on Sunday night from Adelaide to London where the proposed medical will take place.
The signing is seen as a show of support for manager Brendan Rodgers from owners Fenway Sports Group after a robust end-of-season review of last campaign’s sixth-placed finish which resulted in the sacking of assistant manager Colin Pascoe and first team coach Mike Marsh’s contract not being renewed.
Benteke was Rodgers’ primary transfer target this summer as he wants to add some strength to his attacking options but also needs a front-line striker who can withstand the rigours of the Premier League.
England international Daniel Sturridge made just 18 appearances last season after missing virtually the first five months of the campaign with injury.
He is likely to be sidelined until at least September after undergoing surgery on a hip problem which prematurely ended his campaign in April.
That would have left Rodgers with youngster Divock Origi, playing his first season in English football after spending last season on loan at Lille, and summer signing Danny Ings as his frontline options with Mario Balotelli, Rickie Lambert and Fabio Borini are deemed surplus to requirements.
The fee for Benteke represents the second highest the club has spent on a player, with the £35million capture of Andy Carroll in January 2011 remaining unbeaten.