Manchester City has agreed personal terms with the 20-year-old Spanish Winger Ferran Torres from LaLiga side Valencia. This Tuesday announcement comes after the winger signed a 5-year deal contract with the former Premier League Champions.
Details regarding finances between the two clubs were not disclosed but it is reported that the transfer fee was about €23 million ($27.10 million)
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Torres scored six goals and provided another eight goal assist for Valencia in all competitions last season as it came ninth in LaLiga run.
“I am so happy to be joining City. Every player wants to be involved in attacking teams and Manchester City are one of the most attacking in world football,” Torres said.
The Spaniard under-21 becomes Pep Guardiola’s first major signing of this summer and he is favorite to fill Leroy Sane’s position who left for Bundesliga’s Bayern Munich.
Valencia is going to benefit another £11 million ($14 million) in add-ons for the Spain international who still had 12 months left in his contract.
City beat a number of European giants who were in the race to get the Winger’s signature. These include Manchester United, Juventus, Borussia Dortmund, Real Madrid and Atletico Madrid who all showed interest in the deal.
Pep Guardiola is expected to follow up the signing of Torres with additional of Bournemouth defender Nathan Ake in the coming days in a deal worth €40 million ($ 52 million), with a further £1 million in add-ons.