Fred will undergo a medical on Monday ahead of completing a move to Manchester United.
Manchester United have agreed a deal to sign Fred from Shakhtar Donetsk.
The Brazil midfielder completed a medical on Monday and is now set to become Jose Mourinho's first signing of the summer for a fee reported to be in excess of £50m.
"Manchester United is delighted to announce it has reached an agreement with Shakhtar Donetsk for the transfer of Frederico Rodrigues de Paula Santos (Fred)," the club said in a statement on their website.
Manchester United have completed the signing of defender Diogo Dalot from Porto.
The 19-year-old, who was understood to have a €20m (£17.4m) release clause in his contract at the Estadio Dragao, underwent a medical with Manchester United on Tuesday.
Dalot has signed a five-year contract, with an option to extend for a further year, and becomes Jose Mourinho's second signing of the summer after Brazilian midfielder Fred joined for a fee in excess of £50m.
A two-week Premier League mid-season player break in February has been approved to start from the 2019-20 season, the FA has announced.
The winter break ensures that Premier League matches will still be played over the period, with five top-flight games to be staged on the first weekend and five on the following weekend.
The FA has agreed to move FA Cup fifth-round matches to midweek in order to accommodate the planned break and, from the start of the 2019-20 season, fifth-round replays will be removed and replaced with extra-time and penalties.
Grant Xhaka has signed a new contract at Arsenal and will be an "important" player for new boss Unai Emery.
The 25-year-old midfielder's future was reportedly uncertain following Arsene Wenger's exit but the Gunners' new head coach has indicated Xhaka will take a central role.
There's good news for Arsenal in their reported interest in Yacine Brahimi, with Porto open to offers for the midfielder according to Portuguese publication Jornal de Notícias.
Lucas Torreira's transfer to Arsenal appears close to completion after Sampdoria president Massimo Ferrero said the player had "left" the club.
Sky Italy reported last week that the Gunners had offered £26.4m (30m euro) in instalments for the 22-year-old, rather than paying his £22m release clause up-front.
Speaking live on Italian television, Ferrero said: "Torreira left for 30m euro. I bought him from Pescara when no one believed in him. We placed a bet and we won, paying just 3m euro.
Daniele Rugani is reportedly on his way to Chelsea from Juventus, finally marking the West London club's first signing of the summer, according to the Daily Star.
The paper claims the two clubs have agreed a fee in excess of £35m for the 23-year-old.
Football.London is reporting Kieran Trippier could be the next Tottenham man to sign a new deal, quoting a cryptic comment on an Instagram post from team-mate Kyle Walker-Peters.
In response to a photograph summing up his performance for the Three Lions against Panama, Walker-Peters posted a clapping hands emoji, next to a pencil signing a piece of paper.
Marouane Fellaini extends Manchester United deal until 2020
"I would like to say a special thank you to Jose for the faith he has always shown in me," said Fellaini.
Everton Has spent £246 million in past 2 Years!
Richarlison £50m
Sigurdsson £44m
Bolasie £26m
Keane £25m
Pickford £25m
Klaasen £24m
Tosun £20m
Walcott £20m
Schneiderlin £20m
Williams £12m
So much money spent and we haven't really see much change at Everton, if anything they got worse. Poor transfer business or do we just need to give them more time to gel?
Fred will undergo a medical on Monday ahead of completing a move to Manchester United.