Krisztian Nemeth arrived at Liverpool lauded as a hugely exciting youngster, but he has left for Olympiakos after failing to break through in three years at Anfield.
The 21-year-old will sign a three-year contract with the Greek giants, subject to a medical, after the Reds agreed an fee believed to be £1million.
Nemeth - who had also interested Panathinaikos and Lecce - opted for a return to Greece after spending last season on loan at AEK Athens, where he scored three goals in 17 games.
Liverpool will take a 25 per cent of any future sale of Nemeth, who follows Albert Riera in leaving Anfield for the club in Piraeus.
The Greek club said on their website: 'Olympiakos announces a deal with Liverpool for the acquisition of Hungarian international player, Krisztian Nemeth, who will sign a three-year contact with the club.'
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