The 20-year-old has been dubbed the heir to Juan Sebastian Veron and it was current Estudiantes sporting director Veron who negotiated Correa's sale to Sampdoria - the first club he played for in Europe.
Manchester City had appeared to be leading the race for Correa's signature last week and were tipped to make an £8 million swoop, but they seem to have taken too long and been beaten to the punch.
The article states that 50 percent of the transfer fee will be paid immediately once Correa puts pen to paper on his Sampdoria contract, which he isn't yet able to do due to transfer regulations, the rest will come in two further instalments.
A telephone call between Veron and Sampdoria president Massimo Ferrero on Saturday seems to have been crucial in cementing the deal because Samp agreed a sell-on clause of five percent on any future transfer over £10 million.
Sampdoria are doing well in Serie A this season and this purchase confirms that they want to compete with the best in Italy.
It remains to be seen whether Manchester City will regret missing out on Correa in years to come. The gifted midfielder has been