A Deportivo spokesman said: “There is a verbal agreement between Deportivo and Liverpool for the permanent transfer of Arbeloa to Liverpool.”
Liverpool will pay about £2.6m for the 24-year-old, according to reports.
It is believed that Liverpool are set to pay about £2.6m for the 24-year-old.
Arbeloa was reported to have told the Spanish press: “I’m as surprised as everyone.
“It looks like a good move for me and Depor especially as they are going to get double what they paid for me.”
Depor coach Joaquin Caparros added: “It’s a good option for the club and I’m sure they’ll sell him for more than they bought him for five months ago.”