Portsmouth agree fee with Liverpool for Pennant

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Portsmouth have had an undisclosed bid accepted for Liverpool winger Jermaine Pennant.

The former Arsenal and Birmingham man has been consistently linked with a move away from Anfield, since falling out of favour with Reds boss Rafael Benitez this season.

Pompey appear to have stolen a march on their rivals for Pennant's signature - with reports suggesting European powerhouses Real Madrid and AC Milan could also be interested.

Pennant signed for Liverpool for £6.7m in 2006 and has made 81 appearances - including a Champions League final in 2007.