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Boro have agreed a deal to sign Spanish striker Alvaro Negredo.

The Valencia striker is due to arrive on Teesside within the next 48 hours on what will be an initial one year loan.

The deal will be subject to a medical but Boro see no problems and hope the player’s move will be wrapped up quickly.

It has, it’s fair to say, been a difficult deal to conclude .

The striker - who only signed from Manchester City for €30m last year - is on a hefty and complex package that with all the bonuses and performance clauses plus outstanding payments to City costs Valencia a reports €7m a year - a whopping €130,000 a week.

And with Financial Fair Play pressures the La Liga side were eager to cut their losses.

Now club top brass have thrashed out a compromise deal with Valencia that will not cost Boro anywhere near that figure.

Aitor Karanka is keen to add Negredo’s penalty box power and presence to his squad’s attacking options while the player is eager to join up and feels he has a point to prove in the Premier League.

He scored 23 goals in 48 games in his one season at City before being squeezed out when UEFA Financial Fair Play rules forced them to trim their squad.

And in a double deal with Valencia, Boro have also agreed a three year €3m-plus deal for full-back Antonio Barragan .

He has agreed to sign subject to medical and is on his way to Teesside after missing training in Spain.