Manchester City have announced they have reached an agreement with Fiorentina to sign Striker Stevan Jovetic for €30 million.
The transfer fee is €26 million up front with €4 million in add-ons. Arsenal has had a long standing interest in the Montenegrin but the the Italian clubs asking price was more than what they were willing to pay. City, however, have the money to fund the move with both Mario Balotelli and Carlos Tevez having already left the club.