Valencia have signed former West Ham striker Simone Zaza from Juventus on a permanent deal.
The Italian striker has signed a contract to 2021, with the transfer to go through in the summer. The fee is believed to be around £12m.
Zaza has scored four goals for Valencia since joining the club on loan in January. He spent the first half of this season with the Hammers, where he failed to score a goal.
The official wording of the deal, courtesy of Juventus’ website:
Juventus Football Club S.p.A. announces that, following the achievement of the conditions provided by the contract, the “call option” for the definitive transfer of the registration rights of the player Simone Zaza has been exercised by Valencia Club de Futbol SAD.
The permanent transfer fee is € 16 million, to be paid in two financial years, and may increase by a further € 2 million on achieving given conditions in the course of the duration of the contract.
This transaction generates a positive economic effect, in 2016/2017 financial year, for about € 3.7 million.