Mihaylov made his senior international debut against Scotland
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Liverpool have signed Bulgaria under-21 international goalkeeper Nikolay Mihaylov from Bulgarian Champions Levski Sofia.
Mihaylov, who is the son of Bulgarian Football Union president Borislav Mihaylov, has signed a three-year deal with an option for a further two years.
"I have no words," Mihaylov told Bulgarian sports Web site www.sportal.bg.
"This is the greatest moment of my life," added the 18-year-old keeper.
Mihaylov, who turns 19 on Thursday, made his senior international debut in a 5-1 defeat by Scotland in the Kirin Cup in Japan in May 2006.
He was in the Levski squad in the Champions League group stages last year.
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