Liverpool signs Alex Oxlade-Chamberlain from Arsenal

Liverpool have signed Alex Oxlade-Chamberlain from Arsenal in a deal worth £40 million on a five-year deal.

The 24-old England International who had a year remaining on his contract at Arsenal becomes Jurgen Klopp's fifth summer signing having passed on the chance to join Chelsea.

Chelsea had agreed a fee with Arsenal for Chamberlain earlier in the week, but rejected the chance to move to Stamford Bridge, because of concerns that the Blues planned to use him at wing-back.

Welcome, @Alex_OxChambo! 🔴 pic.twitter.com/joYm7hvK3m

— Liverpool FC (@LFC) August 31, 2017

I'm currently away with England, so I'm at St George's Park, Chamberlain told Liverpool's official website.

Firstly, I'm delighted to have signed for Liverpool and a big thank you to everyone here at the FA that has made this possible, using the facilities. It has been a massive help.

I'm not going to say too much today. I'm here with England and we've got two big games coming up, so I want to focus on them. But I can't wait to get to Melwood and you'll hear first from me on LFCTV.

Klopp told the club's official website:

I am really, really happy we have got Alex signed. Since the last game I have been waiting and hoping we could make this transfer - and when I got the news he was ours it was fantastic.

I remember the first time I saw him play live - it was at Dortmund in 2014 and he came on as a sub that day and made a big impact. He stood out immediately because of his pace and skills and his attitude in such a big game for a young player; I remember him chasing back to make a brilliant challenge on Mkhitaryan in the box to save a certain goal.

We won that game but lost the return match at Arsenal when he started and played well, I think he hit the post. Since then I have followed him and when I heard it may be possible to sign him I didn't need to think twice.

I hear a lot of talk about positions but let's talk about the player; he is someone with really good abilities who always gives everything for his team. A player that is positive and willing to take risks to try and make positive things happen.

He may still be young but he has a lot of experience in the Premier League, Champions League and for his country. Already he is a very, very good player and I think he has the mentality and desire to get even better - and that excites me. 

This is someone making a tough decision to leave one great club and come to another great club and I think he had many options, so to get him means I am delighted.

He didn't make an easy decision but I think he made a great one to go on this journey with this squad of talented boys and our great supporters. I welcome him to the Liverpool family.

According to report, Oxlade-Chamberlain who is understood to earn £120,000 a week at Liverpool would’ve earned more had he extended his stay at the Emirates, or moved to Chelsea.