The Black Cats have agreed to pay a fee that could rise to £10m – plus add-ons – to the Merseyside outfit, beating off interests from Inter Milan, Fiorentina and Watford.
Borini, 24, was at the Stadium of Light during the 2013-14 campaign, scoring seven goals in 32 matches but then turned down a permanent move to the club.
Liverpool boss Brendan Rodgers made Borini his first signing in July 2012 in a deal worth £11m. The Italy international scored three goals in 38 appearances for the Reds.
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