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JUST-IN: Man City agree £62m fee for Portuguese defender

Manchester City have reached an agreement with Benfica for the transfer of Portuguese defender Ruben Dias.

The 23-year-old will move to the Etihad Stadium in a deal worth £62million (€68m), while Argentine defender Nicolas Otamendi heads the other way in a separate deal, with City receiving £13.6m (€16m).

Both transfers are subject to personal terms being agreed, but that is not foreseen to be an issue for either clubs.

In a statement released by Benfica, they confirmed that the Dias deal could generate an extra €3.6m through add-ons.

Dias, 23, will become City’s second defensive signing of the summer after bringing in Nathan Ake from Bournemouth in a deal worth an initial £40million in August.

The club hope the two arrivals will address the perceived major weakness in manager Pep Guardiola’s squad last season.

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City had long been linked with Napoli’s Kalidou Koulibaly but moved their attention elsewhere due to the Italian club’s asking price.

Otamendi, 32, is set to move on after a five-year spell at City in which he has won seven major honours, including two Premier League titles.

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