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Liverpool have completed the signing of Colombia forward Luis Diaz from Porto, the Premier League club have announced.

The 25-year-old has signed a long-term contract with the Anfield club, understood to run until 2027, after the Reds agreed an initial fee of £37.5 million (€45 million) with the Portuguese outfit.

The deal, which could also see Liverpool pay an additional £12.5 million (€15 million) in potential add-ons, is subject to the acquisition of a work permit.

A tweet from the club read: “The moment you’ve been waiting for… Luis Diaz is a RED.”

Liverpool representatives travelled to South America, where Diaz is currently on international duty, to complete the deal ahead of Monday’s transfer deadline.

Diaz, who is due to play for Colombia in a World Cup qualifier in Argentina on Tuesday, is not expected to arrive in Merseyside until later in the week at the earliest.

Liverpool have beaten off competition from other clubs, notably Tottenham, to secure the services of the player.

Diaz was understood to have been Klopp’s first target for next summer but the club decided to move earlier than planned due to the interest of others.

In a brief video clip released by Liverpool, Diaz said: “I’m really happy to sign for Liverpool.”

Diaz scored 41 goals in 125 games for Porto after moving to Europe from Colombia’s Junior FC in the summer of 2019.

He played against Liverpool twice earlier this season as Porto faced Jurgen Klopp’s side in the Champions League group stage.

He has also scored seven times in 31 appearances for his country.

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It will be Lionel Messi’s Argentina against Neymar’s Brazil in the Copa America final on Saturday.

Argentina won its semifinal against Colombia 3-2 on penalties after three saves by goalkeeper Emiliano Martinez. Regular time ended 1-1 at the Mane Garrincha Stadium in Brasilia on Tuesday.

Argentina hasn’t captured a major title since 1993 when it won Copa America. On that occasion, the team eliminated Colombia on penalties 6-5 in the semifinal after a goalless draw.

Brazil beat Peru 1-0 on Monday to advance to the final.

It took Argentina only seven minutes to open the scoring. Rodrigo De Paul found Messi in the penalty box with a through pass. The star earned his fifth assist in the tournament with a pass to Lautaro Martinez, who put the ball in the right corner past Colombia goalkeeper David Ospina.

A more aggressive Colombia, led by Juan Cuadrado, hit the bar and the post in the second half before it leveled in the 61st minute with Luis Diaz, who received the ball on the left of Argentina’s box shot almost with no angle to beat Martinez.

The last big opportunity in regular time came with Messi hitting Ospina’s right post in 81st minute from short range.

Martinez saved the shots taken by Davinson Sanchez, Yerry Mina and Edwin Cardona in the shootout. Messi converted his opportunity from the spot and was one of the most joyous players in the celebrations. He seeks his first major title with Argentina against favorites Brazil.

In tears, Martinez said after the match he wanted to face the Brazilians in the final in the Maracana Stadium.

“It is a great team, the favorite. But we have a great coach, we have the best player in the world and we will try to win it,” he said.

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Brazil went behind for the first time in eight games but responded with a controversial equaliser before netting a dramatic winner deep into stoppage time for a 2-1 victory over Colombia in the Copa América.

Brazil had won their previous nine games coming into the match in Rio de Janeiro, all bar one of them without conceding a goal, but they went behind in the 10th minute thanks to a wonder strike from Luis Díaz.

Juan Cuadrado swung in a cross from the right and Porto midfielder Díaz leapt acrobatically to volley an overhead kick past a helpless Weverton.

Brazil were forced to chase the game and they had most of the ball and almost all the chances, though Colombia did an excellent job of closing them down in the final third.

The hosts eventually got an equaliser with 12 minutes remaining, though it came in controversial circumstances.

With Brazil on the attack the ball hit referee Néstor Pitana and as Colombia’s players paused expecting him to order a drop ball the Argentine, who refereed the 2018 World Cup final, allowed play to continue.

Brazil took full advantage as Roberto Firmino headed home a cross from the left, with goalkeeper David Ospina letting the ball squirm through his hands on the night he tied Carlos Valderrama as Colombia’s most capped male player with 111 appearances.

The Colombian players were incensed but the goal was allowed to stand, even after a check by the VAR.

Colombian coach Reinaldo Rueda refused to be drawn on the decision other than to say, “I think the situation with the referee distracted our players.”

There was worse to come for the visitors. Their protests after the equaliser led to 10 minutes of stoppage time being added, and in the 100th minute of the match Casemiro headed home from a corner to give Brazil the win.

Captain Casemiro said Brazil fully deserved the three points.

“Brazil deserve congratulations for their mental strength, for being well on top, and getting our reward in the end because we had the coolness to keep plugging away in search of a goal,” he added. “That’s the mentality you have to have.

“They came forward once, scored a goal, sat back and it turned into a game of attack against defence.”

Brazil had already qualified for the quarter-finals and with four points from four games Colombia join them. Ecuador, Peru and Venezuela are vying for the last two spots from the group. In Sunday’s final group games, Ecuador face Brazil while Peru play Venezuela.

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Colombia opened up their Copa America participation on Sunday with a narrow 1-0 victory over Ecuador in Group A play thanks to what may end up being the goal of the tournament. Los Cafeteros were far from convincing and were outshot by Gustavo Alfaro’s side, but a moment of magic in the first half was enough to secure the three points, though they needed VAR in the end.

A perfectly executed set piece, started and finished by Boca Juniors midfielder Edwin Cardona, gave Reinaldo Reuda’s team all they needed on the night. Here is the set piece, and watch how Cardona combines with his teammates with the ball ultimately falling to him in the heart of the box:

It was initially called offside, but VAR confirmed to ref Nestor Pitana that the goal was valid. It was one that had clearly been practiced countless times on the training ground. Executing it in a match is certainly more challenging, but Colombia made it look easy with the in-sync squad pulling off quite the golazo.

That victory puts Colombia in second place in Group A for the time being and also puts them well on their way to advancing to the quarterfinals. As for Ecuador, they should be fine assuming they can get three points on Sunday when they take on struggling Venezuela.