Walter joins Cruzeiro on loan

Cruzeiro have signed striker Walter from Porto on loan until the end of 2012.

The Brazilian club have also retained the option to buy 50 per cent of the player’s economic rights at the end of the spell, as the remaining half belongs to a group of investors.

Walter signed for Porto in the summer of 2010, one year after impressing for Brazil’s Under-20 squad at the South American Youth Championship.

Walter’s long absence from first-team duties because of the premature birth of his daughter and weight issues have prevented him from earning a place in the squad.