Barcelona have completed the signing of versatile striker Dani Olmo from RB Leipzig, the Catalan club confirmed on Friday.
Sources have told ESPN that the deal is initially worth 55 million euros ($60 million), with a further 7 million euros to be added in possible add-ons.
The Spanish international has signed a six-year contract with the club until June 2030 with an exit clause of 500 million euros.
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“I really want to get started. These days have been intense, but everything happened so quickly and I will be forever grateful to Leipzig,” Olmo told reporters at his presentation. “We are giving everything we have in this new phase.”
Olmo, who was under contract with Barça until moving to Croatia at the age of 16, is the club's first major signing of the summer as they continue to struggle with the financial constraints imposed by LaLiga's spending cap.
Barça intensified talks to sign Olmo last week after attempts to sign Nico Williams from Athletic Club became increasingly frustrated.
Sporting director Deco flew to Leipzig at the beginning of the week, where negotiations with the players' camp and the Bundesliga club led to an agreement in principle on Tuesday.
Olmo, 26, then flew to Barcelona. The transfer was confirmed on Friday and the Spanish international is set to be unveiled at the Olympic Stadium on Friday ahead of Monday's friendly against Monaco.
Dani Olmo helped Spain to triumph at the 2024 European Championship. Tom Weller/Picture Alliance via Getty Images
Sources say the signing of Olmo does not rule out another attempt for Williams before the transfer window closes this month, although it is acknowledged that signing the winger remains difficult.
After moving from local rivals Espanyol to Barça's La Masia academy in 2007, Olmo left the club in 2014 and joined Dinamo Zagreb in order to gain a quicker promotion to the first team.
He made 124 appearances for the Croatian side before signing for Leipzig in 2020, where he won two DFB Pokals and a DFL Supercup, scoring a hat-trick in last year's final in a 3-0 win over Bayern Munich.
“A young club, a young player… We grew up, won our first trophies and made history together,” Olmo said on Instagram and announced his departure from Leipzig.
“Two cup wins and the Supercup are just some of the many unforgettable moments that I will always remember. Thank you, RB Leipzig, you will remain in my heart forever.”
Olmo has also performed excellently for Spain, playing a key role in their victory at the European Championships this summer, scoring three goals and providing two assists in six games.
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