Brendan Rodgers has said that signing Mario Balotelli for £16m is "outstanding value" for Liverpool.

The Italy striker's move to Anfield from AC Milan was confirmed earlier this afternoon after the 24-year-old underwent a medical at the weekend.

The manager told the club's website: "This transfer represents outstanding value for the club and I think we have done a really smart piece of business here.

"There is no doubting Mario's ability, he is a world-class talent and someone who, for such a young age, has vast experience of playing at the very highest level.

"I believe we have the infrastructure, culture and environment to get the best out of him and help him achieve his true potential. We are a strong group here, committed to hard work and he will benefit from being around it."

Balotelli previously won the Premier League title with Manchester City in 2012.