Corinthians Sign Pato from AC Milan

Corinthians have officially signed AC Milan’s Alexandre Pato for a fee of €15 million.



The deal was made official on the websites of both clubs after talks reached a positive conclusion on Thursday evening.



Pato will sign a four-contract with the newly crowned FIFA Club World Club champions and will wear the number 7 jersey for the Timao.



Corinthians paid €15 million for 60% ownership of the player, with Pato now holding 40% of his registration rights. That means that any future sale will result in the player receiving 40% of the transfer fee.



Despite previous reports, it does not appear as though Pato has reduced his wages to complete the move. It also appears as though AC Milan do not have a buy-back clause despite Silvio Berlusconi’s hopes for one.



Thus Pato leaves AC Milan and the Serie A after 5 injury ravaged seasons that included 150 appearances for the Rossoneri to go along with 63 goals.

Agent claims Pato close to move

Alexandre Pato's agent says the AC Milan star's move to Corinthians is imminent.



The 23-year-old striker has been in talks over a return to his homeland, with a fee of 15million euros (£12.2m) reported in Italy.



His representative Gilmar Veloz told Brazilian radio network Radio Bandeirantes: "Milan gave the okay to the transfer, we are defining the details. Nothing can hinder the successful conclusion of the deal.



"It is a large transfer which concerns a good young player and Corinthians are making a big effort."



Pato quickly established himself as a favourite at the San Siro after signing from Internacional in 2007, scoring nine goals in his first half-season and reaching double figures in each of the next three campaigns.



However, he scored only once in Serie A and four times altogether last season and has made only seven appearances in all competitions so far this term.

Thursday's round up of the top transfer stories

- Chelsea are considering a January bid for Marseille striker Loic Remy as a possible replacement for Daniel Sturridge, according to the London Evening Standard.



- Atletico Madrid president Enrique Cerezo has admitted Radamel Falcao, who has been linked with Chelsea and Manchester City, could leave the club in January should his €60million buy-out clause be met.



- Real Madrid have made the first move in the race to sign Chelsea target Radamel Falcao, according to reports in Spain.



- Manchester United striker Javier Hernandez is a transfer target for Fiorentina.



- Manchester United target Arturo Vidal has quashed suggestions he will leave Juventus and insists he is happy in Turin, according to talkSPORT.



- Corinthians have dismissed reports linking Paulinho with a move to Chelsea, with coach Tite telling Globo Esporte: "I have no idea where this information has come from. We are at an important stage in Corinthians' history and this information will not disrupt us.



"Money doesn't buy everything. It could be a lot of money, but if the player is smart and has ambition like Paulinho does, then money will not be enough."



"Everyone wants him, but that changes nothing."



- Wilfried Zaha, who has been linked with the likes of Liverpool and Manchester City, is worth £20million, Crystal Palace co-chairman Steve Parish has told the South London Press.



- Josip Ilicic's agent doubts the Palermo midfielder will leave the club in January and says there has been no contact with Liverpool.



- Liverpool manager Brendan Rodgers has confirmed teenager Suso is on the verge of signing a new, improved contract with the club.



- Manchester City has denied its alleged interest in Sergio Busquets and Cesc Fàbregas after rumours to this effect were echoed by the media.



- Michael Dawson insists he still has a future at Tottenham – despite almost being sold by Andre Villas-Boas this summer.



- AC Milan are ready to battle Arsenal for the services of Montpellier skipper Mapou Yanga-Mbiwa, according to talkSPORT.



- Sky Sports understands a host of the Premier League's big guns are tracking Stoke City defender Ryan Shawcross.



- Arsenal will make a £15million offer for Spain striker Adrian Lopez when the transfer window re-opens, according to MARCA.



- Mattia Perin's agent claims Manchester City are among the clubs monitoring the progress of the on-loan Pescara goalkeeper.



- Isco is currently under contract at Málaga until June 2016. The Andalusian outfit will only consider selling him if the bidding club covers the player’s buyout clause – which amounts to €21 million.



- The agent of Schalke striker Klaas-Jan Huntelaar has insisted that there has been no contact from Lazio - but has refused to rule out talks with the Italians taking place in the near future.



- Juventus enter race to sign Manchester United winger Nani, according to Dailymail.



- Udinese have secured the future of Giovanni Pasquale after the left-back signed a contract extension to stay at the Serie A club until 2016.



- Midfielder Kevin-Prince Boateng has declared he is staying put after rumours linked him with a move away from AC Milan.



- Celtic boss Neil Lennon has poured scorn on suggestions Gary Hooper may be on his way to Liverpool as contract talks continue with the striker.

Dodo completes Roma transfer

Brazilian defender Dodo has completed his transfer to Roma, the Italian club have confirmed.



The 20-year-old full-back joins the from Corinthians and has put pen to paper on a five-year contract.



A statement from Roma read: "The player terminated his contract with Corinthians before signing an agreement with Roma."



Dodo becomes Roma's second summer signing after the arrival of Brazilian striker Marquinho from Fluminense last month.