Spanish international Ferran Torres signed for cash-strapped Barcelona on Tuesday from Manchester City, the Catalan side announced.
Despite their financial struggles, Barcelona have reportedly agreed a deal worth an initial 55 million euros ($62 million, £47 million) for the 22-year-old.
“FC Barcelona has reached an agreement with Manchester City for the transfer of Ferran Torres,” Barcelona said in a statement on their website. “The player has signed a contract for the next five seasons, until 30 June 2027.
“His buyout clause has been set at 1,000 million euros.”