Manchester City's Alvaro Negredo to Valencia on loan
Valencia have announced they have reached an agreement to sign striker Alvaro Negredo on loan from Manchester City with a clause making the deal permanent at the end of the season.
The deal with Valencia includes an obligation for Los Che to buy the player at the end of the season.
The 29-year-old impressed in what proved to be his only season in Manchester, but was reportedly keen to return to his homeland, leaving City manager Manuel Pellegrini with Sergio Aguero, Edin Dzeko and Steven Jovetic as his options in attack.
City paid £20million to bring the forward from Sevilla last summer after his previous spells with Real Madrid's 'B' team and Almeria.
The Primera Division club issued a statement that read: "Valencia Football Club has reached an agreement with Manchester City Football Club for the loan, with an option to compulsory purchase, the Spanish international striker Alvaro Negredo, considered one of the best attackers of the national and European football.
"The footballer with Valencian family, will be presented tomorrow at the Mestalla. The club invites all Valencianistas to attend the presentation."
Belfast Telegraph Digital