Done Deal: Conceicao to Juventus for 32m in four instalments

FC Porto have agreed to let Juventus sign Francisco Conceicao for €32m, split into four instalments of €8m each, higher than the €30m release clause.

The club had been facing a race against time to get it over the line before midnight, at which point his release clause moves from €30m to €45m.

Despite that, this is not going to be formally the activation of the release clause, because that would require it be paid in one go.

Conceicao pushed to make Juventus move stick

Instead, Fabrizio Romano reported FC Porto have accepted the offer of €30m to be paid over four instalments, an even longer schedule than the three suggested earlier today by O Jogo.

According to O Jogo and Sky Sport Italia, the full fee paid is actually going to be €32m in four instalments of €8m each.

This also meant that Francisco Conceicao had to provide written confirmation he would not take the full 20 per cent cut of the transfer fee that he was owed if the move was completed outside of the release clause.

It was reported this morning that he had agreed to give up half that sum, so only take €3m rather than €6m.

He joined Juventus last summer on a one-season loan at a cost of €10m that did not have an option to make it permanent built in.

Although other clubs were prepared to pay more than Juventus, the player only wanted to continue his journey in Turin.