DEAL ACCEPTED: AS Monaco have signed midfielder Manuel Ugarte from Manchester United for a fee that could reach £26.7m.
The 25-year-old Uruguay international has agreed a five-year contract with the option to extend it for a further 12 months.
He joins for an initial fee of £26.7m, with the potential for £8.4m in additional payments.
Ugarte becomes the club’s first signing of the summer transfer window and takes their overall spending to just over £70m.
He made 37 appearances for Manchester United in all competitions last season after joining them from PSG for a reported £50.5m, helping the Red Devils to qualify for Champions League
It is understood Manchester United have negotiated a 10% sell-on clause for Ugarte, with both clubs privately claiming they are happy with the deal.
“It is an incredible feeling to join a club of this magnitude; one that is admired all around the world,” said Ugarte.
“AS Monaco is an ambitious club and I am an ambitious player. I know how incredible Monaco fans are and I cannot wait to experience Love.
“I’m someone who is so determined to succeed; I will sacrifice and give everything for my team-mates. Together we will fight to win trophies and reach the level where this club needs to be.”
