Manchester United has agreed to a £73m deal to sign Jadon Sancho from Borussia Dortmund, the German club has confirmed.
The Bundesliga side made a stock exchange announcement on Thursday morning, which also confirmed Sancho has agreed to personal terms with United, with the transfer set to be finalized subject to a medical.
The player Jadon Sancho is about to move from Borussia Dortmund to Manchester United Football Club Limited,” the announcement said.
Read Also: Summer Transfer: Ronald to Barcelona Almost Sealed!!!
“Both clubs and the player reached an agreement on this today. If the transfer is realized, Manchester United will pay BVB a fixed transfer fee of EUR 85.0 million.
The contractual elements now have to be organized and filed. The formal processing of the transfer is also subject to the successful completion of all necessary medical tests and examinations, a coordination process with the player’s previous club, and the proper and timely processing fulfilling the requirements of the FIFA Transfer Matching System.”
Dortmund’s asking price at the start of the window was more than £85m and the deal is also £35m less than the £108m valuation last summer.
Sancho is unlikely to officially join United until England’s participation in the Euros is finished, at which point a medical will be finalized.
The forward’s contract at Dortmund runs until the summer of 2023 and they do not want to risk him entering the final year of his deal.
The Bundesliga club is actively looking at substitutes, with PSV’s Donyell Malen and Noni Madueke two players they have greatly examined.
Sancho’s former club Manchester City maintains a sell-on clause and is set for a cash windfall from their cross-city rivals should the transfer go through.
The 21-year-old came through Watford’s academy before joining City in 2015, but he moved on to Dortmund in 2017 after declining the offer of a new contract at the Etihad.
Sancho swiftly established himself as a key player at Dortmund and has scored 50 goals in 137 appearances for the German club.