Borini has been Sunderland's number one transfer target this summer, following an impressive loan spell on Wearside last season.
It had seemed that Borini was set to stay and fight for a place at Liverpool this season, following reports from the player's agent that any transfer away from Anfiield was out of the question.
Marco De Marchi told the Italian press earlier this month: “So far, Liverpool have not received any communication regarding his transfer.
"I would not be surprised if there were other clubs who want him because I consider him a complete striker. But for the moment, all I can say with certainty is that Fabio has returned to Liverpool to stay.”
Yet the speculation didn't go away, and Borini was even reported to be the subject of a proposed part-exchange deal in Liverpool's pursuit of Adam Lallana.
The immediate future of the Italian has been one of the most prominent ongoing sagas of the transfer window thus far, but it now appears that Sunderland are close to getting their man - subject to personal terms being agreed.
The Reds manager Brendan Rodgers told BT Sport: "It's an agreement between the clubs but nothing agreed with the player as of yet."
The news has prompted much debate in the North East, sparking contrasting reactions from Sunderland and Newcastle United fans. Here is a selection of their tweets.
Wouldn't have stayed up without Fabio Borini. Wouldn't have reached Wembley without him. He has already paid for himself. #safc— Michael Graham (@Capt_Fishpaste) July 18, 2014
What is football coming to. £14m for Fabio Borini. Decent player but that's just ridiculous. Makes the @NUFC signings that more impressive— Craig De Vere (@CraigDeVere) July 19, 2014
£14m seems steep, but he scored goals while being played out of position and won't need a settling in period. Happy to have him back #Borini— Michael Lavelle (@RubixSAFC) July 19, 2014
14 Million for Borini? Go home Sunderland you're drunk— Cameron Findlay (@Cameron_NUFC) July 19, 2014
Come on Borini! Sunderland love you!— Jessica Davies (@JessicaKellyx) July 19, 2014
If you're saying Borini cost £14m then that means you're saying he'll reach the goal clauses in the contract, therefore a brilliant signing.— Dean (@Dean97SAFC) July 19, 2014