New spectroscopy of the classical Algol system δ Lib, combined with high-quality optical and infrared photometry, provides the basis for a good understanding of the close binary system's main parameters. Detailed analysis of the photometry reveals the significant role of a third light source, pointing to the existence of a companion to the eclipsing system of mass ∼1 M ⊙ . We review the methodology of applying high-accuracy positional information, available from the Hipparcos Intermediate Astrometric Data archive, to stars that may have such companions. Analysis of the astrometry of δ Lib also points to a third star similar to the one already identified by Worek from radial-velocity data, although with slightly revised parameters. O-C data do not contradict this, but their general precision (while confirming the close pair's Algol status) fails to allow a decision on the third orbit parameters: Worek's or revised ones. Taking the photometry, spectroscopy and astrometry together, however, the existence of a third star of comparable mass to the Sun, as a relatively close companion to the eclipsing binary (∼4 au), is confirmed.
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