Liverpool Transfer News: Reds Agree Deal for Coates as Pacheco Leaves on Loan

David Hendrick@@DaveHendrickTLWContributor IIIAugust 24, 2011

As I reported yesterday Liverpool have agreed a deal for Sebastian Coates, the talented young central defender from Nacional. The Uruguayan has agreed to terms on a five-year contract, and his signing will be announced later tonight, pending the approval of his work permit application.

Liverpool can rest easy in the knowledge that should the application be rejected, Coates is entitled to a Spanish passport, due to his Spanish-born mother. While it would delay his debut, it would seal the deal.

The Anfield club have agreed to a fee, believed to be in the region of £8 million with performance-related additions, with Uruguayan champions, Nacional. Liverpool fans can once again give thanks to the vaunted Nacional youth development academy, which also produced Luis Suarez.

Coates himself has spoken of the deal on his Twitter account, saying "The #LFC offer ticks all boxes, so fair to say it's a done deal...Luis' success is important for me as another Urgyn joining," and "#LFC is a club with great tradition and history. Suarez has spoken to Kenny D and the sporting directors about my signing."

Two interesting facts Liverpool fans may wish to know: Coates' birthday is October 7th, which is the same birthday as Liverpool legend Sami Hyypia, and Coates stands 1.96m tall, the exact same height as Hyypia. 

I must give credit to three of most respected South American journalists whose work I follow on a regular basis: Rodrigo Romano, Edward Piñón and Martin Charquero. They are the ones to thank for breaking this story and helping me be the first to bring it to you here on The Bleacher Report.

In other news, young attacker Dani Pacheco has today joined Atletico Madrid on a season loan. Reports from Spain suggest it is a permanent deal, but that appears to be unsubstantiated. Pacheco was expected to join Rayo Vallecano on loan but has opted for Atletico. The team appears to be on the verge of selling Diego Forlan, who was today left out of their squad for tonight's Europa League game.