Juve set for €40m Cancelo switch

Juventus have agreed a deal to sign Valencia defender Joao Cancelo in a move which will cost €40m, according to reports in Spain.

Valencia-based Super Deporte claims the move, which will be an initial season-long loan deal with an obligation to buy at the end of the campaign, is ‘practically certain’.

The reports come after the Portugal defender reportedly turned down a move for Wolves as he wanted a ‘bigger club’, despite the English side’s willingness to match his €40m asking price.

Sky Sport Italia had then reported the Bianconeri ‘hold a growing interest’ in the 24-year-old, who made 26 appearances on a season-long loan deal at Inter last season.

The Milanese giants subsequently missed the May deadline to activate their €35m right to buy the defender, due to their desire to meet UEFA’s Financial Fair Play regulations.

Valencia would prefer to keep Cancelo but their own financial situation means they must sell before they can replenish their squad, despite qualifying for next season’s Champions League.

Tags Joao Cancelo Juventus