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.