FC Porto have formally announced the departure of Portuguese midfielder João Moutinho and Colombian James Rodriguez with Ligue 1 club AS Monaco in a transfer deal worth €70million. Soon after Porto’s announcement, Monaco announced that they have signed to two players to five-year deals.

According to football website Maisfutebol, FC Porto will receive a transfer fee of €25million for Moutinho and another €45million for Rodriguez, for a total of €70million. Moutinho’s former club Sporting Lisbon will reportedly receive €3,5million from this deal because they maintained some ownership of his rights after he was transferred to FC Porto in 2010.

As Monaco has been linked with Rodriguez and Moutinho for some time now, but the announcement came as a surprise to many people. Moutinho was linked with Premier League clubs Tottenham and Chelsea. While, James Rodriguez was drawing serious interest from Manchester United.

The newly promoted club is controlled by an ownership group lead by Russian billionaire Dmitry Rybolovlev who has made it clear that he has ambitions to make AS Monaco one of the ‘big clubs’ of European football. The club is coached by former Chelsea, Juventus and Internazionale manager Claudio Ranieri who lead the club to promotion from Ligue 2.

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