The 43-year-old Iraola arrived in Liverpool on a private jet and is reportedly set to sign a two-year deal to succeed the sacked Slot, with the Reds looking to play a more aggressive brand of football.
Ornstein reports Liverpool are ahead of Paris Saint-Germain in both negotiations and the player's preference, with RB Leipzig demanding over €130m.
Iraola is expected to be officially unveiled as Slot's successor within days; Liverpool still plan five summer signings, with finding a Salah replacement their top priority.
Liverpool centre-back Ibrahima Konaté has reached a verbal agreement with Real Madrid and will join on a free transfer; before the deal was finalised, he had remained open to Manchester United and Chelsea.
Real Madrid are close to reaching an agreement with Inter Milan's Dumfries, with Liverpool set to miss out on their right-back target.
Liverpool are in serious talks with Szoboszlai over a new contract; if there is no progress this summer, the club could sell him to avoid repeating the free exits of Alexander-Arnold and Konaté.
Ornstein confirms Liverpool have reached a verbal agreement with Iraola, with the incoming head coach set to bring four assistants and a formal unveiling possible this week.
Konaté is lined up to join Real Madrid on a free transfer this summer, with the two sides said to have a verbal agreement in place. New boss Iraola is reportedly keen on bringing in former Arsenal academy graduate Herson to fill the gap at centre-back.
Slot issued a farewell letter on Monday, reflecting on leading Liverpool to the Premier League title and insisting the Reds remain among Europe's elite; he was sacked on Saturday, with Carragher calling the decision a surprise.
Liverpool have officially confirmed Slot's departure after finishing fifth in the Premier League, a result that has sparked controversy. Gerrard says he saw it coming, while Bournemouth boss Iraola is the leading candidate for the Anfield hot seat.
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