Benfica have informed the Portuguese stock exchange they have agreed a £35 million deal sending goalkeeper Ederson to Manchester City, but the transfer reportedly cannot be completed until a third-party element is resolved.
Per BBC Sport's Simon Stone, the club told the exchange: "Benfica has reached agreement with Manchester City for the amount of €40 million," adding that half the fee will be paid to "third parties."
Per Stone, according to sources at the Etihad, the deal can't be ratified until that is concluded "to the Premier League's satisfaction."
This article will be updated to provide more information on this story as it becomes available.