Otamendi increases City spending
Manchester City have taken their summer spending over £100million with the signing of Argentina defender Nicolas Otamendi from Valencia.
The 27-year-old centre-back has signed a five-year contract at the Etihad Stadium after the clubs agreed a fee believed to be around £31.5million.
His move to the Etihad Stadium comes after the high-profile arrivals of Raheem Sterling and Fabian Delph for £49million and £8million from Liverpool and Aston Villa earlier this summer. The club also spent around £13million combined on promising strikers Patrick Roberts and Enes Unal.
There could also be more business to come before the September 1 deadline with City still apparently interested in Wolfsburg midfielder Kevin de Bruyne, for whom they reportedly made a £47million offer last week.
City have started the Barclays Premier League season impressively, beating both West Brom and champions Chelsea 3-0.
But that has not stopped their determination to strengthen with Otamendi swelling central defensive ranks that include his former Porto team-mate Eliaquim Mangala and international colleague Martin Demichelis, as well as captain Vincent Kompany.
It was initially claimed Mangala could be loaned to Valencia in exchange but City did not want to lose the £42million Frenchman, who has looked solid in both opening games, and he was not part of the deal.
No financial details have been revealed by either club but it is thought Valencia were hoping to use the sale to write off part of the fee they still owe City for striker Alvaro Negredo.
Otamendi, who had just one impressive season in Spain after leaving Porto last summer, hopes to enjoy considerable success at City.
He told City TV: "I am very happy because I am coming to an amazing club. The chance to play in the Premier League and enjoy every game, signing for a club that looks wonderful from the outside, having now the opportunity to enjoy it from inside... it's a huge joy for me.
"It would be a dream to fight for the Champions League and win the Premier League. A club like City has to aspire to these kind of things. I am here to give my best, to fight game by game and push City to the highest peaks for as long as possible and I wish we will be able to win several cups and titles."
Otamendi won three league titles in four seasons with Porto as well as the Europa League and Portuguese Cup. He has 25 caps for Argentina and was in the side that reached the Copa America final in the summer along with new City team-mates Pablo Zabaleta, Sergio Aguero and Demichelis.
City manager Manuel Pellegrini said: "Nicolas Otamendi was arguably the best defender in La Liga last season and so naturally I'm delighted to have added a player of his quality.
"As a footballer, Nicolas has all of the qualities to be a success in the Premier League - he's strong, he's excellent in the tackle and he's very good technically."