I found an interesting youtube video regarding this. Take a look, basically you vacuum out as much of the water as you can manage then put the phone into a bag of rice for a couple of days - the rice being super dry acts as a sort of super vacuum and dries out the phone - worked for me but my phone wasn't completely immersed so the results you get may vary.
https://www.youtube.com/watch?v=QNX4nOVQDtA
Your lcd is damaged and will require replacement also the device will require treating for the warter damage before it corrode's and courses a short on the logic board and then it will require exstensive repair.
Good luck and i hope this helps
regards
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