Liverpool transfer news: Joao Carlos Teixeira on the verge of joining Porto after rejecting new Reds deal

Liverpool are set to lose yet another young player from their academy after Joao Carlos Teixeira decided to decline an offer of a new contract and leave the club on a free transfer at the end of the recently concluded campaign. The midfielder will be a free agent when his contract expires on 30 June and can join the club of his choice.

According to Portuguese daily A Bola, the attacking midfielder has agreed a long-term deal expected to be around four or five years with FC Porto despite the Reds making an offer to extend his deal. The midfielder, who was retained by the club, has agreed terms and is likely to be announced as a Porto player when his contract expires later this month.

Teixeira has been an integral part of the Liverpool U21 set up, while also making brief appearances in the first-team under Jurgen Klopp. The 23-year-old played in all of the Reds' FA Cup fixtures, while also making substitute appearances in the Europa and Premier League. It is likely that regular first-team football would have been a major criterion when the midfielder made a decision regarding his future and it is unlikely he would have been regularly involved under the German manager at Anfield next season.

It will come as a big blow to Liverpool to see yet another talented youngster depart from their youth setup after Jordan Rossiter quit the club to join Scottish giants Rangers, while Jerome Sinclair has also moved on after signing a four-year deal with Watford. The Merseyside club are also losing out in terms of compensation as they are entitled to just £250,000 ($353,861) if a player they have helped develop joins a team outside England, which Teixeira and Rossiter have done. However, they can expect a higher fee for Sinclair as he is set to join a club in the Premier League, which will be decided by a tribunal, similar to Danny Ings' move from Burnley to Liverpool.