Dutch title hopefuls FC Twente have completed the signing of 21-year-old Bulgaria goalkeeper Nikolay Mihaylov from Liverpool on a permanent deal.

The 21-year-old, son of Bulgarian Football Union president Borislav Mihaylov, joined Liverpool in 2007 from Levski Sofia but has spent the last three seasons on loan at Twente.

"I didn't want to change club," he told Bulgaria's Darik Radio after signing a three-year deal with the Dutch club. "There was an offer from PSV Eindhoven but I'm glad Liverpool and Twente reached an agreement.

Twente are currently second in the Eredivisie, level on points with leaders PSV.