Italian champions Juventus have confirmed that Spanish forward Alvaro Morata has left the club to re-join Real Madrid.
A graduate of the Real youth academy, Morata signed for Juve in a £16m deal back in 2014. The 23-year-old – who scored two goals for his country at Euro 2016 – netted 25 times for Massimiliano Allegri’s side and he returns to the Santiago Bernabeu for a fee of just £24m.
It had been reported by ourselves that the Champions League holders would trigger a buy-back clause that was written into Morata’s contract when he joined the Serie A giants from Real, but Juventus have now released a statement on their website confirming the financial aspects of the deal.
The statement said: “Following the exercise by Real Madrid Club de Futbol of the option right to buy back the registration rights of the player Alvaro Borja Morata Martin, Juventus Football Club S.p.A. announces that the definitive disposal of the same player has been finalised for a consideration of €30 million payable in two financial years, net of the amount still due by Juventus for the purchase of the same player (€10.7 million).
“This transaction generates a positive economic effect in 2016/2017 financial year, for about €16 million and a net positive cash flow of €19.3 million in 2016/2017 and 2017/2018 financial year.”
In another post on their website, Juventus were quick to pay tribute to the departing Morata and thank him for his services during his two-year stay at the club.
A statement under the title of ‘Gracias, Alvaro’ said: “With 27 goals to his name in 93 appearances – the vast majority of them scored in crucially important matches – Morata departs the club as a firm favourite among fans and team-mates alike and can look back with pride on a richly fruitful spell in Northern Italy.
“All associated with Juventus Football Club would like to wish Alvaro the very best of luck wherever his future may take him and thank him for two truly excellent years of service to the team. Gracias, Alvaro.”