Liverpool have signed 18-year-old centre-back Giovanni Leoni from Parma in a deal worth £26 million plus add-ons.An agreement was reached late on Wednesday night as Liverpool beat off competition

Either a shot in the dark or an inspired purchase, Liverpool has completed the signing of Italian central defender Giovanni Leoni.

Liverpool have taken their summer spending past the £300 million ($406m) mark after completing the signing of Parma's 18-year-old defender Giovanni Leoni on a six-year contract.