Arsenal has finalized the acquisition of Cristhian Mosquera from Valencia for a fee of at least £13 million.
The Gunners reached an agreement with the La Liga club for an initial payment of approximately £13 million (€15 million), as Mosquera signs a five-year contract in north London, with an option to extend for an additional year.
Mosquera has joined his new teammates in Singapore for preseason training following the completion of his contract.
The deal for the 21-year-old, who completed a medical examination in London, may increase with performance-related bonuses.
The defender remarked: "There has been a lot of effort behind all of this.
"This opportunity arose, and I couldn't let it slip away. I'm joining a historic and significant club. When you arrive here with your family, you truly sense the greatness of this place."
Commenting on the transfer through the club’s official website, Arsenal manager Mikel Arteta stated: "We are thrilled to welcome Cristhian to Arsenal. As a 21-year-old defender, Cristhian has already shown consistent performance with considerable experience in La Liga.
"He is a smart player with good speed, capable of playing centrally and on both flanks.
"He is a young talent with exciting abilities and immense potential, who will integrate well into our squad as we continue our preparations for the upcoming season. Cristhian brings valuable quality to our team, and we are eager to work with him and help him feel at home with us."On behalf of everyone, we extend a warm welcome to Cristhian and his family to the club.