Photo confirmation: Ace pictured with club chief as Fabrizio Romano confirms key detail on loan to buy deal exit

Marko Grujic has moved to Porto after a £10.5m fee was agreed and Fabrizio Romano has provided clarification over whether or not it's a loan or a permanent deal.

The news broke this morning and is now official after a fee was agreed between the two clubs.

The Serbian leaves Liverpool after five years and while he never got a chance to play regularly under Jurgen Klopp, he can now full showcase his talents in Europe.

He starred on loan for Porto last season in the UEFA Champions League as they stunned Juventus in the Round of 16, winning on away goals.

Porto suggest on their website that the deal with Liverpool is a loan with an obligation to buy while the Reds announcement says it's permanent, Fabrizio Romano suggests it's a unique blend of the two.

He writes on Twitter: "Sometimes, you’ve [got] the buy option to become obligation after the first cap of the player."

The 6ft3 midfielder might not have been a player that fans have been able to enjoy watching but he has had financial benefits for the club.

By going out on loan every season, Liverpool earned fees for his services and are now receiving a once-off payment of £10.5million and will also earn 10% of his fee if Porto sell him down the line.

While I am sure sporting director Michael Edwards would have liked to recoup a larger fee for Grujic, including a 10% sell-on clause is a good business.

The Serbian only had two years left on his Liverpool contract so the Reds did well from a relatively weak negotiation standpoint.