The striker has signed a five-year deal with the Italian champions, though los Blancos will retain a buyback option of up to €30m for the player
Real Madrid striker Alvaro Morata has completed his transfer to Juventus, who have signed the promising Spaniard for €20 million.
Morata arrived in Turin on Friday ahead of a medical with the Italian champions after weeks of speculation over a possible summer switch.
Juve have now confirmed the 21-year-old has agreed a five-year deal with the Turin giants, and have also revealed that Madrid will retain a buyback option in the player’s contract which could rise to €30m.
“Juventus announce that it has reached an agreement with Real Madrid for the definitive purchase of the rights to the player Alvaro Borja Morata Martin for a fee of €20m, payable over three years,” a statement on their official website read.
“The agreement also provides an option for Real Madrid, exorcisable at the end of the 2015-16 season or 2016-17 season, for the outright repurchase of Morata, up to a maximum of €30m depending on the number of games the player has played for Juventus.
“Juventus have signed with the same player a five-year contract of employment.”
Morata scored eight goals in 23 Liga appearances for Madrid last season and had earlier spoken of his excitement at starting “a new adventure” with Juventus.
He becomes the second player involved in a transfer away from Madrid on the same day, with midfielder Casemiro’s loan move to Porto also confirmed on Saturday.