In a major update, English publication Daily Star is exclusively reporting that Barcelona have agreed on a £24.3 million fee with Manchester City for the permanent signing of Joao Cancelo.
The 29-year-old Portuguese international signed for the La Liga champions this past summer on a season-long loan deal that did not include a purchase option.
But given the impact that he has already made in a short period as a Barcelona player, talks about a permanent transfer have already been gaining weight quite rapidly.
£24.3 million fee agreed
It is no secret that Joao Cancelo has no future at Manchester City, having had a falling-out with manager Pep Guardiola last season.
The right-back spent the second half of the last season on loan at Bayern Munich and was always bound for an exit last summer, with the Premier League and European champions holding out for a £55 million fee for his sale.
Ultimately, though, with Cancelo intent on joining Barcelona, the Cityzens relented and let him join the Catalans on a season-long loan deal.
And now, it appears that they have agreed to sell him for good to Barça for a fee less than half of what they were demanding initially.
If the report is to be believed, negotiations between the two clubs have been going on post the summer transfer window and an agreement has been reached over a transfer fee of £24.3 million for the full-back.
Cancelo making an impact
Since arriving at Barcelona on the summer transfer deadline day, Cancelo has made a big impact already.
In six appearances across all competitions for the Catalans, he has scored two goals and set up one more for his teammate while adding an extra dimension to the team’s attack from the right wing.
If Barcelona do indeed get his services for a fee of £24.3 million, it would be a huge bargain for the Catalan club.