(GSM) Ukrainian side Shakhtar Donetsk have completed the transfer of highly-rated Brazilian youngster Douglas Costa from Gremio for a reported fee of €12 million.
Costa had been linked with a move to Europe for some time, with Manchester United and Milan showing interest in the talented 19-year-old.
This transfer was in everybody s interest. Douglas asked us to sell him and we needed the money to satisfy our creditors, said Gremio president Duda Kroeff during a press conference.
Shakhtar have reportedly acquired 80% of the player s transfer rights and Gremio will receive 15% of the transfer fee in the event of his transfer from Shakhtar in the future.
Costa was a part of the Brazil U-20 squad that won the South American Youth Championship in 2009.
