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.

Arsenal have had a world-record bid in excess of £1m accepted by Women's Super League rivals Liverpool for forward Olivia Smith. The current world record is the £900,000 Chelsea paid to sign United States defender Naomi Girma from San Diego Wave in January.

Arsenal have also signed defender Taylor Hinds, who was a free agent after her contract with Liverpool expired at the end of last month. Smith’s arrival underlines Arsenal’s desire to bolster their squad and not standstill after winning the Women’s Champions League.