Fenerbahçe have released a statement on their official website and the stock exchange confirming talks with Liverpool over Lazar Markovic.
The statement read: “Talks with Liverpool and Lazar Markovic are underway.”
Turkish clubs listed on the stock exchange are required to inform shareholders of transfer talks before completing the transfer on the stock exchange. Generally clubs disclose details of talks as a formality before announcing the signing of a player.
Markovic is expected to join the Yellow Canaries on a season long loan and will become the third player from the Premier League to join the club over the summer.
The Istanbul giants also signed Manchester United duo Robin van Perise and Luis Nani last month.
The 20-year-old forward will also become the third Premier League player to join the Turkish league on loan over the transfer window. Chelsea winger Marko Marin joined Trabzonspor on a temporary move and Kenneth Omeruo joined Kasımpaşa on loan.
Fenerbahçe will compete in the Europa League group stages this season and could draw Liverpool in the draw today.