Official: Espanyol sign Matias 'Monito' Vargas LaLiga Has agreed to a five-year deal

Espanyol completed the signing of Matias 'Monito' Vargas on Sunday, a move that has been well received by many of Los Periquitos' supporters.

The Catalan side have paid Velez Sarsfield 10.5 million euros for 80 percent of his rights, making him the most expensive player in the club's history after Borja Iglesias' 10m euro switch last summer.

Vargas, a 22-year-old left winger, made the decision to sign for Espanyol a while ago, but the negotiations between the two clubs slowed things down. In fact, Espanyol made three offers for the Argentine before they found an agreement with Velez.

On Monday, Vargas will undergo his medical examinations and take part in his first training session under the orders of David Gallego, so he will have roughly 10 days to get to know his teammates before Espanyol's first Europa League qualifier on July 25. His presentation will take place on Wednesday afternoon.

Vargas is Espanyol's third addition this summer, following Ander Iturraspe and Bernardo Espinosa.