Barcelona sign Arda Turan, but retain option to re-sell the player to Atletico Madrid

Camp Nou, Barcelona - Mes Que un Club

Barcelona have approved the signing of Arda Turan from Atletico Madrid, although the Catalan club can back out of the deal for a price.

Late on Monday night, FC Barcelona officially announced the signing of Atletico Madrid midfielder Arda Turan, albeit with an important caveat, given the club is in the midst of presidential elections.

A statement by the club outlined:

"The Managing Board of the Club were made aware last week of the request from coach Luis Enrique and from the favourable report from the Technical Committee that Arda Turan be brought in to form part of the FC Barcelona squad."

"The Committee has analysed the operation, stating that after negotiations that began months ago, there is an agreement for the signing of the midfielder with Atletico Madrid and with the player himself. Once the reports were studied, the Committee has given the go ahead to the operation."

The interim Managing Committee have limited powers, but have pushed ahead with the transfer, whilst allowing the next president of Barcelona the option to back out of the deal.

As part of the agreement, Barcelona have an option until 20th July to sell Arda Turan back to Atletico Madrid for a fixed fee, should the newly elected president and board wish to pull out of the agreed deal.

The Turkish star has agreed a five-year deal and should the transfer eventually be ratified by the new board, the operation will cost the Catalan giants €34 million plus up to €7 million in variables.

Speculation fuelled by the player himself and his agent, of the 28-year-old having a "dream" to play in the Premier League, sparked rumours that Chelsea and Manchester United in particular were set to swoop.

Both have now missed out, although the Turkish international will have to wait before he sees his first action, due to the FIFA transfer ban imposed on Barcelona, meaning he won't be able to play until January 2016, when the club will be able to register him in the first-team squad.

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