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OFFICIAL: Barcelona signs Valencia striker Alcacer

The Blaugrana have been searching all summer for a new marksman and have now finally landed their man, while Munir El-Haddadi has moved in the opposite direction on loan.

Barcelona has announced the signing of Spain striker Paco Alcacer from Valencia on a five-year deal, with Munir El-Haddadi moving in the opposite direction on a season-long loan.

Alcacer, 23, was omitted from the Valencia side that lost 1-0 to Eibar on Saturday and underwent a medical at Barca on Monday before completing a move worth an initial 30 million euros ($33.49M).

Barca could pay €2M more in add-on fees and has inserted a €100M buyout clause into Alcacer's deal at Camp Nou.