Sealing a deal for the free agent means that the money Liverpool save on Alves could be used to sign Dirk Kuyt from Feyenoord.
Meanwhile, Liverpool have appointed Malcolm Elias as the Academy's new director of recruitment.
Elias held the same post at Southampton, where he played a part in England striker Theo Walcott's rise to prominence.
Chief executive Rick Parry said: "Malcolm has a fantastic track record at Southampton and an extremely good reputation.
"We've been looking to expand our recruitment department at the Academy, and this appointment is part of that. As ever, we've taken an opportunity to bring one of the best in the business to Liverpool."
Liverpool's home game with Newcastle United, originally scheduled for Wednesday, August 23, has been put back to Wednesday, September 20 with an 8pm kick-off because of Champions League qualifying rounds.
