Olivia Smith is set to become the first player in the women's game to command a transfer fee of £1m as Arsenal seek to secure her signature from Liverpool, a source has told ESPN.

Arsenal have had a world record bid in excess of £1m accepted by Women's Super League rivals Liverpool for forward Olivia Smith. The current world record is the £900,000 Chelsea paid to sign United States defender Naomi Girma from San Diego Wave in January.

Olivia Smith is set to become the first £1m player in the women's game after Liverpool agreed a deal to sell the forward to Arsenal. The 20-year-old, who joined from Portuguese side Sporting CP last year, scored seven goals in 19 appearances for the Reds across all competitions last term.