Liverpool have stolen a march on Spanish giants Real Madrid and Barcelona and secured the services of highly-rated Cadiz teenager Jesus Fernandez Saez, nicknamed Suso, Goal.com reported according to Setanta Sports.

The broadcaster is reporting that Rafa Benitez's outfit have beaten the two La Liga sides to the 16-year-old's signature, with the midfielder signing a five year deal at the club.

Benitez has reportedly been monitoring the midfielder's progress for the last few months, and, with both Barca and Real apparently hovering with intent, he will be pleased to have snapped up another of his compatriots to further boost the strong Hispanic contingent on Merseyside.

Liverpool will pay a compensation fee to Cadiz, although no figure has been specified as yet. But it is anticipated that the Reds will pay much more than the amount officially required to take over the player's academy contract.

The signing should be confirmed by the club in the next few days.