Liverpool on Monday officially confirmed the signing of Bradley Barcola from Paris Saint-Germain.
Barcola has signed a five-year contract at Anfield.
The Reds will pay £106m for the France international, with add-ons potentially taking the fee to £123m.
There had been a gap in valuation between the two clubs earlier in the summer, with PSG previously asking for around £145m for the France international.
But Barcola has now become Iraola’s third major signing of the summer after Victor Munoz and Ronald Araujo.
Barcola becomes Liverpool’s second most expensive signing of all time, following the club-record deal to sign Alexander Isak from Newcastle for £125m last summer.
Transfer: Barcola becomes Liverpool’s second most-expensive signing after £123m deal