Toronto FC announced Monday that the club has received funds from Vancouver Whitecaps FC to complete the Matias Laba transaction. As per club and league policies ‎terms of the deal were not disclosed.

"‎Finalizing terms and acquiring funds will assist us as we continue with our strategic planning at both the youth and first team levels," said Toronto FC General Manager Tim Bezbatchenko. "This could be used to help the financing of current or future Designated Players as well as other initiatives to improve our club."