Henrikh Mkhitaryan signs for Borussia, Liverpool lose out in the race

Midfielder of FC Shakhtar Donents and the Armenian national team Henrikh Mkhitaryan has signed a three-year contract with Borussia Dortmund, Russian Sport-Express reports.

The German Vice-Chamion will pay €27.5 for the player, the report says.

Liverpool are prepared to admit defeat in their pursuit of Henrikh Mkhitaryan, who looks likely to join Borussia Dortmund, according to

The Reds have long tracked the highly-rated Shakhtar Donetsk playmaker although the price has proved to be a stumbling block to concluding a deal.

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