HITC Sport understands Liverpool have agreed a deal to let the young winger join Coventry City on loan.
England youth international Kent is rated very highly by both club and country and is tipped for a big future at Liverpool.
The attacking midfielder, who has been at Liverpool from the age of seven, was rewarded for his progress at Anfield in March with a new four-and-a-half-year contract.
Kent has worked his way up through the club's academy and is on the fringes of Brendan Rodgers' first-team plans.
The 18-year-old was included in the first-team squad for the pre-season tours of the Far East and Australia, and featured in the friendlies against Brisbane Roar and Swindon Town.
Liverpool feel Kent would be best served going out on loan so that he can gain valuable first-team experience before coming back to challenge for a place in the first-team.
A number of Championship and League One clubs have expressed an interest in taking Kent on loan, but Coventry are set to win the race for his signature, with Sky Blues boss Tony Mowbray a confirmed admirer of the player.
"He's a young player with who we have noted an interest with Liverpool," Mowbray told the Coventry Telegraph. "It might have a day or two to run yet but I would be hopeful of trying to close the deal. We've watched him for a while and he's my type of footballer really.
"Hopefully we can get him in over the next couple of days but there's a lot of competition for him so let's wait and see."
HITC Sport understands Coventry have agreed a six-month youth loan with Liverpool and that Kent is set to undergo a medical on Thursday and is expected to go straight into the squad for this weekend's game at Scunthorpe.