Benfica is selling midfielder Lazar Markovic to Liverpool for 12.5 million euros (USD 17 million).
The Portuguese club said in a statement to the Lisbon stock exchange Tuesday that the fee represents 50 percent of the rights it held in the 20-year-old Serbian. It provided no further details.
The playmaker joined Benfica last summer from Partizan Belgrade and made 26 appearances, scoring five goals, as the Lisbon club won the Portuguese title and Cup but lost in the Europa League final for the second straight season.
Markovic was twice named player of the month in the Portuguese league last season. He has also played for Serbia.