Espanyol officially announced on Monday the signing of Spanish forward Borja Iglesias from Celta Vigo for 10 million euros ($11.7 million), to be paid in installments.
Espanyol detailed in a statement that the four-year contract of the forward, who spent the last season on loan at Real Zaragoza, includes a 28-million-euro release clause.
Iglesias, 25, will undergo the usual medical tests in Barcelona on Tuesday and is to be presented on Wednesday.
The Spanish player joins Espanyol after having scored 23 goals in 43 official matches in the 2017/2018 season.
The agreement between Espanyol and Celta was nearly concluded last week, but negotiations stalled over the weekend.