Leicester City have signed Yunus Akgun from Galatasaray on a season-long loan deal, with the possibility of a permanent transfer next summer.
The transfer fee for the loan was not disclosed, but Galatasaray said it will receive a loan fee of 500,000 euros.
Leicester would then sign Akgun with a mandatory buy option of €9m and Galatasaray would earn 15% of any future sale.
The Lions have revealed the financial details of the transfer on their official X account.
The statement reads:
“Agreement has been reached with Leicester City Football Club Limited for the temporary transfer of our professional footballer Yunus Akgün for the 2023-2024 season with a mandatory option to buy conditional.
“Under the agreement, Leicester City Football Club Limited will pay a temporary transfer fee of 500,000 euros (£429,000) to our company. The football player’s conditional transfer fee amounted to 9,000,000 euros (7.7 million pounds).
“In addition, in the event that a player is transferred to Leicester City Limited Football Club and moves to a third club in the future, 15% of the profits from the sale will be paid to our company .”
The 21-year-old winger has represented Turkey at U21 level and is known for his dribbling skills and crossing ability.
He will add depth to Leicester’s attacking options and could make his Carabao Cup debut on Tuesday night against Tranmere.
Akgun is the latest addition to Leicester’s squad this summer, following the signings of Patson Daka, Boubakary Soumare and Ryan Bertrand.
The Foxes are looking to build on an impressive start to the season and Akgun could be a key factor in their quest for European qualification.