Joshua Zirkzee will undergo a Manchester United medical on Friday after the club reached an agreement with Bologna for his transfer.
The Dutch forward is set to become United's first signing of the summer transfer window and the first senior addition of the Ineos regime since they invested in the club.
It is understood United have agreed to pay €42.5 million for his signature, slightly more than the €40 million release clause so that they can stagger the transfer fee over a three-year period, rather than pay it upfront in full.
The Dutch forward is set to become United's first signing of the summer transfer window and the first senior addition of the Ineos regime since they invested in the club.
It is understood United have agreed to pay €42.5 million for his signature, slightly more than the €40 million release clause so that they can stagger the transfer fee over a three-year period, rather than pay it upfront in full.
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SportsTranscript
00:00Manchester United have reached an agreement with Italian side Bologna for the transfer of Joshua Xerxe.
00:07The Dutch striker is set to become Manchester United's first signing of the summer transfer window.
00:13He's also set to become the first senior signing of the INEOS regime.
00:18Manchester United have, we understand, agreed to pay just over his release clause
00:23in order to structure the deal a bit more sensibly from their point of view.
00:27Xerxe, as it's well documented, had a 40 million pound euro release clause in his contract this summer.
00:34United have agreed to pay a little bit more, 42.5 million pound euros to get the deal done.
00:41What that means is, if United had paid the release clause, they would have had to pay that all straight away.
00:46Up front, 40 million out of the books this summer.
00:50What they will do now with a 42.5 million pound deal is they will structure it over three years.
00:55So the initial cost for United is far lower than it would have been had they paid his fee initially.
01:01Understand Xerxe will fly to Manchester on Thursday evening.
01:05He will have his medical on Friday and then, who knows when the announcement will be,
01:10it could be as early as the weekend, maybe even next week.
01:13Xerxe, of course, only just finished participating in the European Championship for the Netherlands.
01:18They were knocked out, of course, by England on Wednesday night.
01:21It means that Xerxe would be entitled to three weeks of time off after the conclusion of the International Championship.
01:27So we could see him in time for the later stages of United's pre-season tour in the United States.
01:34But it remains to be seen whether he will take that option up or not.
01:37He only played a minimal role for the Netherlands during Euro 2024.
01:40So we'll keep you posted on that one.
01:42But the headline news is Joshua Xerxe is set to become Manchester United's first signing this summer window.