Leicester connected with Tsimikas before this week as they were looking for a replacement for Chelsea target Ben Chilwell.
However, Liverpool is believed to have won the race for the Greek defence and will make it their first signing of the in a deal of 11.75 million pounds.
The Reds have been looking for a canopy on Andy Robertson’s left-back with midfielder James Milner forced to upgrade when the Scotland captain is unavailable.
The Premier League champions reportedly had a £10million bid rejected for Norwich City’s Jamal Lewis last week.
Relegated canaries need more than 20 million pounds for foreigners in Northern Ireland, and it is the idea that Liverpool has turned its attention to it.
Sergio Reguilón of Real Madrid, who spent this season on loan at Sevilla, was also considered as before the Reds signed Tsimikas.
The Greek alien has inspired the Wolves in Thursday’s last 16 Europa League games and has amassed seven assists in 46 appearances in all competitions this season.
Goal reports that the 24-year-old is expected to complete his medical exam at Anfield early next week with an official announcement to be made in a while later.
Tsimikas’ arrival may mean the departure of 19-year-old left-back Yasser Larouci, who connected with leeds and Brentford’s new promotion last month.
Liverpool have already seen Dejan Lovren and Adam Lallana depart the club this summer for Zenit Saint Petersburg and Brighton respectively.
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