Barcelona have completed the signing of RB Leipzig‘s versatile forward Dani Olmo, the Catalan club confirmed on Friday.
Sources have told ESPN that the deal is worth an initial €55 million ($60m), with an additional €7m due in potential add-ons.
The Spain international has signed a six-year contract at the club until June 2030, with a release clause set at €500m.
Olmo, who was on the books at Barça until leaving for Croatia at the age of 16, becomes the club’s first major signing of the summer as they continue to deal with the financial restrictions imposed by LaLiga’s spending cap.
Barça stepped up talks to sign Olmo last week after growing frustrated in their attempts to sign Athletic Club‘s Nico Williams.
Sporting director Deco flew out to Leipzig earlier this week, where negotiations with the players’ camp and the Bundesliga club yielded an agreement in principle on Tuesday.
Olmo, 26, then flew to Barcelona, with the transfer confirmed on Friday and the Spain international due to be presented on Friday before Monday’s friendly against Monaco at the Olympic Stadium.
Sources say the signing of Olmo does not rule out a renewed attempt for Williams before the transfer window closes this month, although there remains an acceptance that signing the winger remains difficult.
After joining Barça’s La Masia academy from local rivals Espanyol in 2007, Olmo left for Dinamo Zagreb in 2014 in search of a quicker path to first team football.
