Shakhtar Donetsk have confirmed that Liverpool target Alex Teixeira has finalised a move to Chinese Super League club Jiangsu Suning.
The surprise transfer came to light on Thursday evening, three days after Liverpool's failure to land the Brazilian's signature.
The Merseyside outfit are believed to have had bids of £25m and £28m rejected by Shakhtar, and it was thought that Liverpool would reignite their pursuit in the summer, but their hopes have been dashed as Teixeira has sealed a move to Jiangsu for a reported £38m fee.
A statement from Shakhtar read: "Shakhtar Donetsk and Jiangsu Suning FC have agreed on all the necessary formalities for the transfer of Alex Teixeira to the Chinese club. Transfer fee for the Brazilian midfielder is 50 million euros.
"Shakhtar thank Alex for the time spent in the team and wish him success at his new club."