Everton have agreed a deal to acquire land on which to build a new £300m stadium in Liverpool.

The Premier League club and landowners Peel Holdings have reached agreement on the Bramley Moore Dock site near the River Mersey.

It was announced as the preferred site for the club’s proposed new stadium in January.

Liverpool City Council said it would act as a guarantor to help Everton secure funding for the project.

Planning permission would still have to be given for any development.

The club have been working with the council to find a replacement for Goodison Park.