Liverpool Seals Pennant Deal
Liverpool have signed Jermaine Pennant from Birmingham in a £6.7m deal.
The price for the 23-year-old winger, who has joined on a four-year contract, could rise to £8m with add-ons.
The Blues initially turned down a £3.5m offer and negotiated a higher fee as they have to give Pennant's old club Arsenal 25% of the cash received.
Pennant, who joined City last summer after a successful four-month loan spell, is expected to immediately join his new team-mates in Switzerland.
And he could make his debut for the club he supported as a child on Saturday against Kaiserslautern in Liechtenstein.
"If I'm needed, I'm fit to play," Pennant said.
"I've dreamt about this since I was a little boy so to actually be here and to be able to wear a Liverpool shirt and play at Anfield is a dream come true. I'm over the moon.
"My best will come at this club because I am playing alongside top quality players who will only help me develop my game.
"This is the best club in the country and the best club to be at so if I can't do it here then I won't be able to do it anywhere.
"I've still got a long career ahead of me because I'm still young, but hopefully I'll enjoy all my good times here.
"I've come here to be successful and it'd be a great feeling if I can win trophies as a Liverpool player."
Pennant added: "I had a great time in my 18 months at Birmingham City, and everybody, including the fans were absolutely fantastic to me.
"Hopefully I will have the opportunity to play against them in the Premiership sooner rather than later, because that is where they deserve to be.