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Juventus have completed the signing of Portugal full-back Joao Cancelo from Valencia for a fee of €40.4 million, which will be paid in three installments.
The former Benfica man passed a medical in Turin on Wednesday and subsequently signed a five-year contract with the Bianconeri, the Serie A champions announced on their website.
The 24-year-old spent last season on loan at Juve's Serie A rivals Inter Milan, although they did not exercise their option to make his move permanent, paving the way for the Serie A champions to make an offer.
That offer exceeded €40m -- a sum deemed by the Nerazzurri, who spent €38m for Radja Nainggolan on Tuesday, to be too high -- with his arrival potentially paving the way for Alex Sandro to leave Turin.
OFFICIAL: João Cancelo is Bianconero! ✍️ ?? ? ? ➡️ https://t.co/NagwZf9pl6#FinoAllaFine #ForzaJuve #WelcomeToJU pic.twitter.com/pEQT6LyTPe
— JuventusFC (@juventusfcen) June 27, 2018
The Brazilian full-back is reported to be high up on Paris Saint-Germain's summer shopping list, although Juve are keen on keeping hold of the 27-year-old, in spite of Cancelo's arrival.
A proposed move for Manchester United's Matteo Darmian appears now to be off the table, however, with Cancelo filling a void left by the departures of Stephan Lichtsteiner and Kwadwo Asamoah, although Napoli are still thought to be keen on the 28-year-old Italian full-back.
Cancelo played 28 games for Inter in all competitions last season, mainly as a right full-back, but also appeared on the left of the defence and in the centre. His versatility would enable him to play in a back four or back three, with both systems being used by Juve coach Massimiliano Allegri.
Ben Gladwell reports on Serie A, the Italian national team and the Bundesliga for ESPN FC, UEFA and the Press Association. @UEFAcomBenG.
Source: espn.co.uk