The clubs are reported to have agreed a fee of around 8 million pounds ($10.42 million) with add-ons for the 23-year-old, who has made 20 senior appearances for Liverpool since joining the club from Tottenham Hotspur in 2014.
Stewart signed a new five-year deal at Liverpool last November and played nine matches for the first team and 10 with the under-23 squad last season.
The clubs may be conducting a fair bit of business during this transfer window with Liverpool reported to be interested in Hull’s Scottish international left back Andrew Robertson.
($1 = 0.7679 pounds)
(Reporting by Aditi Prakash in Bengaluru)
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