Arsenal have completed their second signing of the summer, bringing in exciting Fabio Vieira, 22, from Porto on a deal that will climb to £38million
Porto have announced the transfer of Fabio Vieira to Arsenal on a deal worth £38million.
An initial fee of £34m will be paid with a further £4m in add-ons to come. The 22-year-old is an exciting prospect and follows the acquisition of Brazilian forward Marquinhos as Mikel Arteta looks to strengthen his squad this summer. The midfielder has made 27 appearances in the Portuguese top flight last season, recording an impressive 14 assists and six goals to boot, adding to the creativity department at Arsenal.
A statement from the club said: “Futebol Clube do Porto – Futebol, SAD, under the terms of article 248 n1 of the Securities Code, hereby informs the market that it has reached an agreement with Arsenal FC for the assignment, on a definitive basis, of the sports registration rights of professional football player Fabio Vieira for 40M (forty million euros), of which 5M (five million euros) are dependent on the achievement of sporting objectives.
“It is further informed that the final agreement is still being finalized and is expected to be implemented in the next few days. The Board of Directors.”
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