Inter Milan confirm signing of Stevan Jovetic from Manchester City

Stevan Jovetic has moved to Inter Milan on an initial loan deal for 18 months

Manchester City’s Stevan Jovetic has moved to Inter Milan, both clubs announced on their official websites. The Montenegrin striker moves to the San Siro on an 18-month loan deal with a view to a permanent transfer which will see him remain at Inter until June 30, 2019.

Jovetic has already spent time in Italy with Fiorentina and will now look to resurrect his career in familiar territory after time in England highly disrupted by injury and a fall-out with City manager Manuel Pellegrini after being omitted from the Champions League squad in favour of Wilfried Bony.

According to ESPN FC, Inter will pay a £2-million loan fee for Jovetic and are obliged to pay a further £10.25 million when they purchase him at the end of the loan period.

In addition to the above, the two-time Premier League champions will receive up to £2 million in bonuses, with Inter paying £1 million per league title or £750,000 per Champions League qualification. The Sky Blues will also have a 20% cut on sell-on fees.

“Stevan Jovetic has signed for Inter Milan on a year-and-a-half's loan with a view to a permanent transfer,” City’s official statement read. “He will now go on loan to the Nerazzurri for a season and half, with a view to a permanent stay. Everyone at City wishes Stevan well for his time with Inter.”

The 2009/10 Champions League winners also confirmed the development.

"F.C. Internazionale is pleased to announce an agreement has been struck with Manchester City over the purchase of Stevan Jovetic. The player has penned a four-year contract keeping him in Milan until 30 June 2019," Inter's press release stated.

The Nerazzurri president Erick Thohir had this to say about the club's new signing.

"We are excited by the signing of Jovetic. He's another important addition to our squad. A dynamic forward that will add value to our attack. (Inter Milan manager Roberto) Mancini will get the best out of him,” Thohir said.

Jovetic broke the news to his fans through his official twitter account.

Contratto firmato...comincia una nuova fantastica avventura...grazie @Inter #ForzaInter

— Stevan Joveti? (@stevanj35) July 31, 2015

He had completed a medical at Inter as early as Tuesday but the move was not officially announced until yesterday as the nature of the deal was yet to be finalised between the two clubs.

In spite of his troubles at City, the player bore no ill will in his farewell message to the Sky Blues.

I would like to thank my teammates, staff and people from the club for this 2 years...was a great pleasure... pic.twitter.com/aERatXQT9B

— Stevan Joveti? (@stevanj35) July 29, 2015