Juventus have announced on their official website that they have formally completed the outright purchase of Milos Krasic from CSKA Moscow.
According to a statement released by the Bianconeri, the club will pay €15 million to CSKA in three instalments: €5m by 25 August 2010, €5m by July 15. 2011 and the final €5m by July 12, 2012, with any late payments to be resolved by a bank guarantee.
The club also stated that the 25-year-old has signed a four-year contract, and not five as initially reported. There's speculation that he will earn around €2.5 million a year with the Old Lady.
Krasic arrived in Turin on Thursday to join up with his new team as he declared: “I’m the happiest man in the world.
“I always believed in Juve – even when things seemed difficult I knew that everything would be resolved. I was proven right.”
Watch Milos Krasic's debut press conference at Juventus: