Barcelona on Tuesday confirmed they have reached an agreement to sign Ferran Torres from Manchester City for a reported fee of €65million.
The Spain international returns to LaLiga following an 18-month spell in the Premier League and has signed a deal until June 2027.
Barca are said to be paying an initial €55m (£46.7m) and as much as €10m (£8.5m) in add-ons.
The Catalan giants revealed a €1billion release clause has been inserted in Torres' contract and he will be officially unveiled at Camp Nou on January 3.
City initially spent roughly €23m (£20m) to sign Torres from Valencia in 2020, meaning they have more than doubled their money on a player who has never truly been considered a first-choice starter.
Barca had been linked with Torres in pre-season but their crippling financial state meant transfer outlays were implausible.
The club's debts have topped €1.4billion this year and as a result of their financial performance, they saw their LaLiga salary cap slashed by €280m to just €97m, hence their inability to retain Lionel Messi.
That saw Barca slip from having the second-highest wage limit last season to seventh in 2021-22.
Speculation ahead of Torres' signing led to many pondering how Barca can suddenly afford such a significant transfer fee so soon, but reports indicate they recently took out a significant loan to ensure they can.
Torres' arrival means new coach Xavi has the type of young, dynamic attacker he had been after, with the 21-year-old capable of playing through the middle and out on the right, where he was most-frequently used at Valencia.
Since Xavi's return to Barca as head coach, he has spoken regularly about a desire to play with classic wingers, while his reluctance to use Luuk de Jong as the focal point of their attack has suggested a preference for a quick and energetic central striker – Torres fits the bill on both counts.
Yet he leaves City as something of an enigma, having only made 15 Premier League starts in 2020-21, and this season Torres has managed just four appearances in the top flight due to a foot injury he sustained on international duty in October.
As much as it feels he has left City before the Premier League truly got to know him, in his limited time Torres has made an impact on the pitch for City.
Among City players to feature for at least 1,000 minutes across all competitions since the start of last season, Torres' 0.55 goals per 90 minutes is the highest and none of his strikes have been from the penalty spot.
His average of 2.8 shots (per 90) is third only to Kevin De Bruyne (3.3) and Riyad Mahrez (3.2), and his expected goals on a per-90-minute basis of 0.44 is bettered by just Raheem Sterling (0.47), showing that Torres' high goals frequency comes from being a consistent threat.
Torres' 1.1 chances created on average is well down the list at City, however. While this may partly reflect the fact he has featured as a central striker often, perhaps greater productivity in this area would have seen City put up more of a fight to keep him.
Nevertheless, the signing represents something of a coup for a Barcelona that just a few months ago was incapable of paying for players of such a calibre.
Taylor proud of 'gritty' Man City display in Hammarby victory
Gareth Taylor was pleased with how his Manchester City players handled the atmosphere against Hammarby to secure their passage into the Champions League quarter-finals.
Khadija Shaw opened the scoring in the 31st minute before Ellen Wangerheim restored parity shortly after the interval with a finish from close range.
But Shaw continued her fine start to the campaign, scoring the winner to become City's all-time top scorer in the competition, surpassing Georgia Stanway and Janine Beckie (both six).
The result saw City make it to the last eight of the competition for the first time since 2021, though the encounter was far from comfortable at the Tele2 Arena on Thursday.
Hammarby ended the contest with an expected goals (xG) total of 2.15 compared to the visitors' 1.07, despite both sides having 14 shots throughout the match.
However, City maintained their unbeaten record against Swedish sides in the competitor (W6), and Taylor was proud of his side's "gritty" display in Stockholm.
“I’m really pleased. It was about qualification for us tonight," Taylor said.
"There were a couple of ways we could do it. Obviously, we knew a point was enough, but I don’t think the players were thinking that way.
“It was a really gritty performance on a really difficult on this pitch. It probably doesn’t look like that for the viewers at home watching it.
"But it was a really lively surface and we worked so hard.
“I felt there were some areas we could control the play better. I have to give credit to Hammarby, they were really aggressive.
"The referee was on our side a little bit in the first half and maybe not in the second.
“I’m really pleased and proud of the players, they really dug in tonight. You come away from a hostile environment with a win.”
Hurtig the hero after late goal sends Arsenal into Champions League quarters
Lina Hurtig's 89th minute winner ensured Arsenal progressed to the quarter-finals of the Women's Champions League after edging Juventus 1-0 on Thursday.
After being frustrated for large parts of the encounter, Hurtig bundled home from close range after Martina Lenzini's poor clearance to book the Gunners' place in the last eight.
Despite Arsenal dominating the early exchanges, it was Juventus who had the first sight of goal, though Eva Schatzer's effort was easy for Daphne van Domselaar to gather.
In a first half that saw just two shots on target, both coming from the visitors, Renee Slegers' substitutes proved to be the difference for Arsenal.
Slegers introduced Beth Mead, Stina Blackstenius and Hurtig late on, with the latter somehow putting Kim Little's cross over the bar from five yards out.
However, the Swede would atone for her earlier error, combining with fellow substitute Blackstenius to net against her former club and send them out of the competition with two group games remaining.
Meanwhile, in Group D, Barcelona edged closer to the quarter-finals of the competition with a convincing 4-1 victory over St. Polten at the Generali Arena.
The reigning champions are still three points behind Manchester City following their 2-1 win over Hammarby, and know a win against the Swedes next month will see them progress.
Kika Nazareth opened the scoring in the 20th minute after capitalising on a mistake by Kamila Dubcova, notching her second nine minutes later from close range.
Barca found themselves three goals up at the break when Vicky Lopez netted her first goal in the competition to put the result beyond doubt.
There was also a landmark moment for Alexia Putellas, who netted her 200th goal for the club with a well-taken effort into the far corner.
Valentina Madl took some of the shine off an otherwise impressive display from the visitors, who have now taken their tally to 20 goals from their four matches in the competition.
Guardiola agrees two-year contract extension with Man City
Pep Guardiola will be Manchester City manager for at least two more seasons after 2024-25, after he signed a two-year contract extension on Thursday.
The 53-year-old was coming to the end of his City deal, which was due to expire at the end of the current campaign, but he has opted to remain at the Etihad Stadium.
The deal itself will take Guardiola's tenure at the club to over a decade, making him City's longest-serving manager since Les McDowall in 1963.
There had been suggestions that he may leave at the end of the season following the announcement that director of football Txiki Begiristain was on his way out.
Guardiola was strongly linked with the England job after Gareth Southgate resigned in the wake of their Euro 2024 final defeat, but the Football Association appointed Thomas Tuchel last month.
“Manchester City means so much to me," Guardiola said. “This is my ninth season here; we have experienced so many amazing times together. I have a really special feeling for this football club.
“That is why I am so happy to be staying for another two more seasons.
“Thank you to everyone for continuing to trust and support me – The Owner, The Chairman Khaldoon, Ferran, Txiki, the players and, of course, the fans… everyone connected to Manchester City. It has always been an honour, a pleasure and a privilege to be here.
“I have said this many times before, but I have everything a manager could ever wish for, and I appreciate that so much.
“Hopefully, now we can add more trophies to the ones we have already won. That will be my focus.”
Having been appointed in 2016, Guardiola is by some distance Manchester City's most successful manager of all time, having won 18 major trophies during his time at the club.
That list includes their first-ever Champions League triumph in 2023 and six Premier League titles, including an unprecedented four on the spin.
He also boasts a 72.04% win percentage across all competitions, which is unsurprisingly the highest of any full-time City manager in history.
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