English Premier League side Manchester City has reached an agreement with Valencia winger Ferran Torres.
The development was confirmed by transfer guru Fabrizio Romano who revealed that paperwork and total agreement of about €27M with add-ons had been reached on with the player set to sign a five-year deal with the Pep Guardiola side.
Sky Sports had earlier reported that talks between Valencia and City were at an advanced stage with the English club offering an initial fee of £20.9m plus bonuses.
City has been looking to fill the void left by Germany international winger Leroy Sane who has since left for Bayern Munich.
20-year-old Torres came through Valencia’s renowned academy and scored four times in 34 appearances this season, as they finished ninth in La Liga.
He is considered one of Spain’s brightest young prospects and had been linked with a move to Borussia Dortmund with his club forced to sell players to balance their books even before the financial impact of coronavirus.
The player made his senior Valencia debut as a teenager during the 2017-18 season, going onto make 13 appearances in total that term. The following season he scored three times in 37 games in all competitions.