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The Reds had turned down 2 offers for Mane but with the arrival of Nunez from Benfica in a club-record deal, it has paved the way for the Senegalese's departure.
The deal involves a potential €40m total fee package including add-ons.
According to transfer expert, Fabrizio Romano -- the deal will be made official days after the new bid was submitted.
Mane 30, who joined Liverpool from Southampton in a £34 million deal for five-year which has been fruitful for him.
He has won the golden boot, UEFA Champions League, and Premier League among other accolades.
His departure will end the trident of Firmino-Salah-Mane which conquered Europe in 2019-20.
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