Barcelona have announced that they have reached a deal with Atletico Madrid for the transfer of striker David Villa.
The 31-year-old has been strongly linked going into this summer with a transfer out of the Camp Nou, with the latest reports today suggesting that Tottenham Hotspur had taken a lead in negotiations.
However, Barca have confirmed through their official website that Atletico have agreed a deal to sign the No 7 for a total fee of just €5.1m.
The Blaugrana report that the deal will see Los Colchoneros pay in instalments across the next three summers, with only €2.1m due this transfer window.
Barca will also receive 50 per cent of any fee Atleti may take in selling on the player.
Villa signed for Barcelona in 2010 from Valencia for a reported €40m fee and in three seasons has played 119 times and scored 48 goals for the club.
Play and compete for prizes in the world's most entertaining Fantasy Football Game. Select your favourite players from Europe's top 5 leagues, including Messi, Ronaldo, David Silva and Pepe Reina.