Brazilian side Flamengo paid just €300k to sign goalkeeper Diego Alves from Valencia earlier this week, it is reported.
Various Spanish media outlets have picked up on reports in Globoesporte that Los Che were willing to depart with the 32-year-old on such a low fee due to the high wage he commanded.
Flamengo’s compromise with the Spanish giants would be they would fully cover the goalkeeper’s wages, but that any transfer fee involved would be minimal.
"This Sunday Valencia CF have reached an agreement with CR Flamengo regarding the permanent transfer of goalkeeper Diego Alves to the Brazilian club," read a Valencia statement on Sunday.
The Brazilian spent six seasons at the Mestalla after signing for €3m after a four-year spell at Almeria.
Renowned for his penalty saving abilities, Alves saved 24 of the 50 penalties he faced in La Liga – as many as he conceded, with two off-target.