Manchester City have reached a deal to sign Portuguese defender Ruben Dias from Benfica for £ 65million.
City’s Argentina center-back Nicolas Otamendi, 32, will go the other way for around £ 13.7million in a separate transfer.
Manager Pep Guardiola wanted a right center-back since Vincent Kompany retired last summer.
On Sunday evening, Benfica released a statement confirming both transfers, but said the contracts have yet to be signed by the players.
Dias, 23, was captain for Benfica’s victory over Moreirense on Saturday and hugged teammates and sporting director Rui Costa at the final whistle.
After the game, Dias – who had scored his 12th goal for the club in 133 appearances – told Benfica TV: “It was a very important game for me and being able to score it with a goal was very special.
“I think everyone already has an idea of why I hugged Rui Costa. “
The inability to find a replacement for former skipper Kompany has been seen as a major reason why City did not challenge Liverpool more in the Premier League title race last season.
Napoli’s Kalidou Koulibaly, 29, was initially City’s first goal this summer, but the Italian club wanted £ 80million for the Senegal defender, which City were not prepared to pay.