All the latest news, views and transfer rumours from the Etihad…
The Chilean has signed a three-year deal with the club and said, "I am delighted to accept this hugely exciting opportunity."
The news comes after reports earlier today about the delay in confirming the deal.
The stories suggested it was all to do with the Chilean’s contract with previous club Malaga. Having not been paid by the Spanish club for two months, had that become three he would have been entitled to walk away for nothing, meaning City got their man and saved £3.2million from a redundant buy-out clause in the process.
In other reports, the Blues had moved to calm any fears that Pellegrini would not ultimately arrive at the Etihad. The manager-in-waiting had already held meeting with City officials and had given his backing to the signings of Jesus Navas and Fernandinho.
One player unlikely to join them is Edinson Cavani. After his mother was quoted yesterday as saying he was considering offers from both City and Real Madrid, his father has now ruled out one of those two contenders.
Clearly not shy in giving interviews, the Cavani family quote bank grew as his father, Luis Cavani, spoke to Futboleros.
“Cavani’s intention is to play for Madrid,” he said. “He is excited about it and is very willing to see it through.
“He has told the family in private that he wants to join Real Madrid but if he declares it publicly it will annoy Napoli.”
His Spanish Under-21 teammate and potential domestic rival, David De Gea, has spoken out about the potential move.
“What I want is for him to go where he is needed,” the Manchester United ‘keeper said.
“Manchester is fine to live in and City, even though they are our opponents, are a great club.”
But it appears the 21-year-old Malaga playmaker is torn between a reunion with former coach Pellegrini or a switch to the Bernabeu.
Referring to interest from Real he said, “There is that, so we see what happens.”