Blues Agree Terms for Palmeiras Star
Manchester City have reached a verbal agreement with Palmeiras over the transfer of winger Allan Elias, with the 22-year-old expected to fly into England this week to complete the move.
The two clubs are currently exchanging the necessary documentation, and the Brazilian's arrival in Manchester is imminent. It represents another piece of business done quietly and efficiently, the way these things tend to happen at the Etihad these days.
Figures at the club have settled on a deal worth a fixed fee of €40 million plus add-ons. The Athletic's David Ornstein, however, reports the total package is €40 million, broken down as a €37.5 million fixed fee and a further €2.5 million in add-ons.
Either way, it is a substantial outlay for a player yet to prove himself in European football. But City have form for trusting their recruitment team's judgement on young South American talent, and Elias arrives with a reputation that has clearly convinced those who matter.
The winger will now undergo the formalities of his switch, with the paperwork being shuffled between São Paulo and Manchester as we speak. The hope is that everything is signed off before the week is out.
Figures at the Etihad Stadium have agreed on a deal for the Brazilian winger worth a fixed fee of €40 million plus add-ons, with various documentation being exchanged between the two clubs ahead of the winger's arrival in England this week.
There is, naturally, a slight discrepancy in the numbers being reported, but that is the nature of transfer window reporting. What is not in doubt is that City have identified their man and are moving quickly to get him secured.
Elias will add another option to a forward line that continues to evolve. Whether he is thrown straight into the first-team picture or given time to settle remains to be seen, but the intent behind the move is clear enough.
More to follow as the deal progresses.