Atletico Madrid have completed the $233.16 million signing of Manchester City striker Julian Alvarez on a six-year deal.
The Spanish side will pay an initial $184.25 million with a further $48.92 million in potential add-ons for the Argentina striker.
The 24-year-old's departure is a record sale for City, eclipsing the $143 million they received from Chelsea for Raheem Sterling in 2022.
Alvarez says City - where he won six major trophies during his two-year stay - will always "have a special place" in his heart.
He says these have been two very special years and during this time, he has grown and learnt a lot - both as a player and as a person.
He won the English Premier League, the FA Cup and the Champions League during his debut season at the club, as well as the 2022 World Cup midway through the season with Argentina.
The striker departs City having scored 36 goals in 106 appearances for the club.
Source: BBC Sports
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