Leicester City have agreed terms with Porto for the €20million (£17.5m) transfer of Ricardo Pereira, subject to international clearance.
The Foxes announced the Portugal full-back has signed a five-year-deal, having arrived on Saturday to finalise personal terms and complete a medical in a deal that could reach €25m (£21.9m).
Pereira s move will be ratified when transfer clearance is received on June 9 and the 24-year-old s immediate focus will be on Portugal s World Cup campaign.
I feel very happy to be here and I can t wait to do my best to help the team, he told Leicester s official website.
The atmosphere, the fans and the football of the Premier League makes it the best in the world. I am here to support the team and to help the club to achieve its goals.
1 Amongst Portuguese Primeira Liga defenders in 2017-18, Ricardo Pereira ranked joint-first for tackles per 90 (3.9) and first for dribbles completed per 90 (1.9). Foxy.
— OptaJoe (@OptaJoe)
Pereira is well known to Leicester boss Claude Puel, having played under the Frenchman during a loan spell at Nice.
Puel added: I m delighted to have a player of Ricardo s quality on board for next season. I remember him well from my time at Nice.
The Portugal international, who can also play on the wing, counts a Taca de Portugal medal with Vitoria Guimaraes and a Primeira Liga triumph with Porto this season among his list of achievements.