Juventus have confirmed the structure of the deal taking Alvaro Morata back to Real Madrid after the European champions activated the buy-back clause in his contract.
The Spain international only moved to Turin from the Santiago Bernabeu in 2014 but Madrid announced at the end of last month they had taken steps to exercise their option to bring him back to the club.
The Serie A champions confirmed on Wednesday Madrid have now activated the €30million clause in his contract, allowing him to complete a return to the European champions.
“Juventus Football Club can today confirm that Alvaro Morata will return to Real Madrid after two seasons in Turin following the Spanish outfit’s decision to activate the forward’s buy-back clause,” a Juventus statement read.
“All associated with Juventus Football Club would like to wish Alvaro the very best of luck wherever his future may take him and thank him for two truly excellent years of service to the team.
Juve confirmed the payment will amount to €19.3m, given Massimiliano Allegri’s side have an outstanding payment totalling €10.7m on the 23-year-old.
Morata’s future remains far from certain, as a number of reports link him with moves to Premier League sides including Arsenal and Chelsea as part of Madrid’s efforts to bolster their own transfer funds.