It is finally happening! Another very protracted and tedious transfer saga is coming to an end. Riccardo Calafiori is set to join Arsenal. Most of the work is done now, we’re just waiting on the medical examination and the paperwork. Per transfer insider Fabrizio Romano, Arsenal and Bologna will do business, with a transfer fee of $49 million, including $5.4 million in add-ons.
As you can see from the tweet below, Calafiori will sign a four year deal at the North London club.
Riccardo Calafiori to Arsenal , here we go! Deal completed between all parties as Calafiori has given final green light ????
Bologna to receive €45 fixed fee plus add-ons up to €5m package.
Calafiori will sign a four year deal, he’ll fly to London today.
Medical booked. ? pic.twitter.com/pTGg9QfquK
— Fabrizo Romano (@FabrizioRomza) July 22, 2024
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Basel, where the Italian central defender played before Bologna, reached an agreement with the Serie A club to take 50 percent of any profit Bologna made on selling the 22-year-old. And that is certainly a nice chunk of change.
According to Sky Sports, Bologna bought him, just last summer, for only €4m (£3.4m). This is the first major addition for Mikel Arteta and Arsenal this summer transfer window.
Paul M. Banks is the Founding Editor of The Sports Bank. He’s also the author of “Transatlantic Passage: How the English Premier League Redefined Soccer in America,” and “No, I Can’t Get You Free Tickets: Lessons Learned From a Life in the Sports Media Industry.”
He currently contributes to Ravens Wire, part of the USA Today SMG’s NFL Wire Network and the Internet Baseball Writers Association of America. His past bylines include the New York Daily News, Sports Illustrated, Chicago Tribune and the Washington Times. You can follow him on Linked In and Twitter.