Portuguese giants Porto have confirmed the transfer of highly-rated midfielder Joao Moutinho from domestic rivals Sporting Lisbon for a fee of £9 million.
Defender Nuno Andre Coelho joins Sporting as part of the deal with Moutinho signing a five-year deal with his new club.
Porto only finished third in the Portuguese league last term and are therefore determined to add to their ranks ahead of next season in order to fight for the league title once again.
Moutinho is a product of the Sporting youth academy and made over 150 appearances for the Lisbon side since making his debut in January 2005.
Moutinho was continually being linked with a move to Everton in recent times although the Portugal international was seemingly reluctant to move abroad.