Barcelona have completed the signing of versatile RB Leipzig forward Dani Olmo, the Catalan club confirmed on Friday.
Sources told ESPN the deal is worth an initial €55 million ($60 million), with an additional €7 million in potential add-ons.
The Spanish international has signed a six-year contract with the club until June 2030, with a release clause set at 500 million euros.
Olmo, who was in the Barça squad until leaving for Croatia at the age of 16, becomes the club's first big signing of the summer, which continues to deal with the financial restrictions imposed by LaLiga's spending limit.
Barca stepped up negotiations to sign Olmo last week after failing to sign Athletic Club's Nico Williams.
Sporting director Deco flew to Leipzig earlier this week, where negotiations with the players' squad and the Bundesliga club resulted in an agreement in principle on Tuesday.
Olmo, 26, then flew to Barcelona, with the transfer confirmed on Friday and the Spain international due to be presented on Friday ahead of Monday's friendly against Monaco at the Stade Olympique.
Sources say Olmo's move does not rule out a renewed attempt for Williams before the transfer window closes this month, although there remains an acceptance that signing the winger remains difficult.
After joining Barca's La Masia academy from local rivals Espanyol in 2007, Olmo left for Dinamo Zagreb in 2014 in search of a quicker route to first-team football.
He made 124 appearances for the Croatian side before joining Leipzig in 2020, where he won two DFB-Pokals and a DFL-Supercup, scoring a hat-trick in last year's final in a 3-0 win over Bayern Munich.
“A young club, a young player… We grew up, won our first trophies and made history together,” Olmo said on Instagram, announcing his departure from Leipzig.
“Two Cups and the Super Cup are just some of the many unforgettable moments that I will remember forever. Thank you RB Leipzig, you will always be in my heart.”
Olmo has also excelled for Spain and played a key role in their victorious campaign at this summer's European Championship, scoring three goals and providing two assists in his six appearances.
