Juventus buys Carlos Tevev for 10 million euros

Manchester City have agreed the sale of Carlos Tevez to Juventus for £10m - at least a third of the fee they paid for him - and with the player likely to agree personal terms, the club look likely to lose his £200,000-a-week wages.

The transfer of Tevez on a three-year deal - agreed on the second day of Manuel Pellegrini's reign as City manager - will deliver the club a base transfer fee of 9m euros (£7.6m), though the sum will reach the £10m mark with some of the add-ons Juve have agreed to, which include 1m euros (£848,000) for every year the Italians qualify for the Champions League. But it is the wages and bonuses which they must lose, as an already a summer in which they have laid out £45m on Jesus Navas and Fernandinho will become more of a drain on their resources, with a replacement striker critical after Tevez's departure. City have made an verbal enquiry in the last month about the Borussia Dortmund striker Robert Lewandowski, though they face a battle in their attempts to sign him. Attempts to sign Napoli's Edison Cavani have failed.

The lack of agreement on personal terms means the deal is not complete and Tevez may not immediately fly to Turin for a medical today because of that. But he is understood to be happy with the highly incentivised package on the table and negotiations are understood to be 90 per cent complete.

Sources in Italy last night suggested that Tevez, 29, would earn 5.5m euros (£4.6m) a year in Italy with substantial bonuses based on appearances and goals, which represents a near halving of the terms which saw him brought to City from Old Trafford. Yet he has always hankered after playing in Serie A. He feels he will join a strong, young side and a club which is some ways is still bigger than City, if less well resourced.