Arsenal will break the women’s transfer record when they sign Olivia Smith from Liverpool for a world record fee of £1 million.

The fee is believed to be in the region of £1,000,000, making the 20-year-old the most expensive women's footballer in history.

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.