Espanyol have completed the €10m signing of Celta Vigo striker Borja Iglesias on a four-year contract, the club have confirmed.
The 25-year-old spent last season on loan with Real Zaragoza, netting a respectable 23 goals in 43 games for the La Liga 123 side.
Having lost Gerard Moreno to Villarreal earlier this summer, Espanyol have now completed the deal which will see him have a €28m release clause inserted into his contract.
Iglesias joined Celta in 2013 but struggled to find his way into the first team, despite scoring 75 goals in 146 games for the club’s B team.
His arrival at the RCDE stadium makes him the most expensive player in the Catalan club’s history, beating that of Sergi Darder, who cost €8m.
The Compostela striker, who began his career in the youth ranks of Valencia – will act as an instant replacement for Moreno, having the same characteristics of the striker, who will now feature for Villarreal.
Iglesias is expected to join up with his new team-mates this week as they return to pre-season training ahead of the new season.
Last term, Espanyol finished in the lower half of the league table under the management of Quique Sanchez Flores and they will be hoping to improve that under new boss, Rubi.