Liverpool confirmed at the start of this month that Moreno, as well as forward Daniel Sturridge, would be leaving the club at the end of June.
The left-back is looking for a starting role that he couldn't lock down at Liverpool, appearing just five times in all competitions for Jurgen Klopp's men last season.
After leaving Anfield, the future of the 26 year-old seems to be at Spanish side Villarreal. As 'Marca' and 'AS' are reporting, the 'Yellow Submarine' have convinced Moreno to join them ahead of the next campaign.
The club have been negotiating the full-back's return to Spain for the past week weeks, and he will now join them officially on 1st July.