Juventus have officially sold Joao Cancelo to Manchester City for €65m, while signing Danilo for €37m.
The two full-backs both underwent medicals with their new clubs over the last 24 hours.
A statement released by Juventus confirmed Danilo has signed a contract to June 2024 and the €37m will be payable in three instalments.
It also noted that Manchester City have three instalments to pay the €65m and that this registers a €28.6m profit for the Bianconeri.
Juventus have officially sold Joao Cancelo to Manchester City for €65m, while signing Danilo for €37m.
The two full-backs both underwent medicals with their new clubs over the last 24 hours.
A statement released by Juventus confirmed Danilo has signed a contract to June 2024 and the €37m will be payable in three instalments.
It also noted that Manchester City have three instalments to pay the €65m and that this registers a €28.6m profit for the Bianconeri.
For 25-year-old Portugal international Cancelo, it is the fourth transfer in five years after Benfica, Valencia, Inter and Juventus.
He joined the Bianconeri last summer for €40.4m and played 34 games in all competition, contributing one goal and five assists.
As for Danilo, the 28-year-old Brazilian moved from FC Porto to Real Madrid in 2015, then joined Manchester City for €30m two years later.
He had only 22 official games for City last season, with one goal and one assist, as he fell out of favour with Coach Pep Guardiola.
“Juventus Football Club S.p.A. announces that these agreements have been finalized with Manchester City Football Club:
“Definitive acquisition of the registration rights of the player Danilo Luiz da Silva for a consideration of € 37 million payable in three financial years. Juventus and the player have signed a 5-year contract of employment until 30 June 2024;
“Definitive disposal of the registration rights of the player João Pedro Cavaco Cancelo for a consideration of € 65 million to be paid in three financial years. The economic effect is positive for about € 28.6 million, net of solidarity contribution and auxiliary expenses.”