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The recently promoted outfit has confirmed the capture of the 20-year-old Argentine on a loan deal with the right to make a permanent transfer.

Hellas Verona has announced the loan signing of Porto's Argentine youngster Juan Manuel Iturbe.

The 20-year-old midfielder had been tailed by both Inter and Genoa, but the recently promoted Gialloblu have beaten the competition to sign the Argentina Under-20 international on a one-year deal. Andrea Mandorlini's outfit has also negotiated the right to make the transfer a permanent one for a reported fee of 8 million euros at the end of Iturbe's temporary switch.

The Veneto side has already captured a host of new players during the summer transfer period, including Luca Toni and Romulo from Fiorentina and Genoa's Bosko Jankovic, but Iturbe marks perhaps the most high-profile move since winning promotion from Serie B in May.

Iturbe has been touted as a star of the future for a number of years having broken into the Cerro Porteno first team soon after his 16th birthday and earning a move to Porto at the age of just 18. He spent the first half of 2013 on loan at River Plate, scoring three goals in 17 league appearances.