Porto finalise Otamendi purchase
© AFP

FC Porto announced today that they have bought the full economic rights to Argentinian defender Nicolas Otamendi from his former club Velez Sarsfield.

"Velez Sarsfield have exercised their option to sell the remaining 50 per cent of the economic rights to the player Nicolas Otamendi for €4million," read a Porto statement sent to the Portuguese stock exchange.

Otamendi joined Porto in August last year after the Portuguese club purchased half his contract and he won a treble of Portuguese league, Portuguese Cup and UEFA Europa League titles in his debut season.

The 23-year-old played for Argentina at the 2010 FIFA World Cup™ in South Africa.