Manchester City have agreed a £21.7 million plus add-ons deal with Sevilla for striker Alvaro Negredo, Goal understands.
Terms between the clubs were ratified on Tuesday morning before the 27-year-old left the Spanish side's pre-season training camp in Costa Ballena. City officials are set to finalise personal terms with the forward in the next 24 hours.
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Sevilla could receive a further £2.6m in performance-related bonuses on top of the €25m fee paid by City up front, after protracted talks between club officials reached an end.
City have forged a strong relationship with the Spanish outfit this summer following Jesus Navas's £18.5m move to the Etihad Stadium earlier in July and were given indications that an agreement was close after Sevilla confirmed the signing of Colombian Carlos Bacca from Club Brugge on Thursday.
Bacca will serve as Negredo's replacement under coach Unai Emery, who admitted on Saturday that Negredo was "likely to leave" the club.
The agreement to sign Negredo comes 24 hours after the £23.3m deal was agreed between City and Fiorentina for attacker Stevan Jovetic, which was exclusively revealed by Goal on Monday.
It is understood that an official announcement over both signings could from the club on Saturday or Sunday, with City's summer spending set to top £90m, following the signings of Navas and Shakhtar midfielder Fernandinho in June.