Livingston have confirmed a bid for Lyndon Dykes from a Sky Bet Championship side - understood by Sky Sports News to be a £2m offer from QPR - has been accepted.
The 24-year-old Australian did not feature for Livi in Sunday's 0-0 draw against Rangers but did watch on from the stands at the Tony Macaroni Arena.
Dykes - who scored two goals in three appearances at the start of the new Scottish Premiership season - will have his medical over the next few days, with the move expected to be confirmed in the coming week.
Barnsley, Middlesbrough and Stoke were among a host of Sky Bet Championship clubs interested in signing Dykes, with Barnsley having two offers in excess of £1m rejected.
Rangers were also interested in Dykes earlier in the summer, but have since signed strikers Kemar Roofe and Cedric Itten.
QPR director of football Les Ferdinand watched Dykes twice in person in recent weeks at the start of the Scottish Premiership season.
"Lyndon has been a massive part of our success over the last 12 months and everyone at the club wishes him nothing but success in the future," said Livingston's head of football operations David Martindale.
"I'm sure I speak for us all when I say he will be sorely missed both on and off the park.
"As a club, it's also a great acknowledgement of the work going on to help develop players that Lyndon's transfer fee will break the current club record previously held by the sale of David Fernandez to Celtic FC back in 2002. Further details on that side of things will be released in due course.
"It's testament to every single member of staff at Livingston FC, along with the players, that we had the level of interest in Lyndon that we did.
"I know first-hand that we have all played a massive part in Lyndon's development over the last 12 months but more importantly, Lyndon himself is being rewarded for his appetite and endeavour that he brought into work every day, along with his infectious personality.
"I've no doubt at all that he has the ability and mindset to go there and kick on again.
"Without a shadow of a doubt all of our jobs just got that little bit harder at the club, but this was an opportunity for Lyndon to go and compete in one of the biggest leagues in Europe.
"It has also given Livingston FC a bit of added financial stability that is more than welcome given the current climate.
"Everyone at Livingston FC is delighted for Lyndon - go and smash it big man!"
Speaking after the goalless draw with Rangers, manager Gary Holt also wished Dykes well, while insisting they will continue to develop new talent to strengthen the squad and replace those who move on.
"The club have put out a statement. We have agreed on our end, the deal. It is down to the big man [Lyndon Dykes] to agree his side and see if it suits him," Holt told Sky Sports News.
"We are all delighted for him. The work he has put in and the work we have put into him. He certainly deserves it and what a good opportunity that could arise for him.
"We've had it throughout the years since I came in here, people have moved on. People keep knocking us saying 'They will struggle because they have lost these players'.
"It also shows if you come and do really well and improve and buy into what we are trying to do, you'll get an opportunity to showcase your talents. He has certainly done that the big man. His performances have merited it.
"We have carried on the good work Queen of the South did with him [while on loan there]. We are all just delighted if something does come that he goes and grasps it."
Summer transfer window - key dates and times
The summer transfer window will run for 10 weeks from July 27 and close at 11pm on October 5.
A domestic-only window for trades between the Premier League and EFL then runs from October 5 and closes on Friday October 16 at 5pm. Follow all the news and analysis on Sky Sports News and across Sky Sports' digital platforms, including with our dedicated Transfer Centre blog.