Breaking! Manchester City officially confirms the signing of Erling Haaland

In a major development, Manchester City finalised the acquisition of Norway striker Erling Haaland on a five-year contract from Bundesliga club Borussia Dortmund on Monday. City did not disclose the financial terms of the deal, but German media speculated that the overall cost of purchasing Haaland might have topped 300 million euros ($314.22 million), including his salary, agency fees, and incentives.

Interestingly, Haaland's father Alf-Inge also played for City from 2000 to 03. Manchester City made the announcement earlier today. "Welcome home, @ErlingHaaland!" read their tweet after the acquisition.

Here is the tweet'

Welcome home, @ErlingHaaland! 📍 pic.twitter.com/IS2l0XXyzd

— Manchester City (@ManCity) June 13, 2022

"The 21-year-old will join the Club on 1 July after penning a five-year deal which keeps him at the Etihad Stadium until the summer of 2027. The son of former City player Alfie, who signed almost 22 years ago to the day, Haaland junior is widely regarded as one of Europe’s best strikers and arrives at the Club with a formidable goalscoring reputation following impressive spells at Molde FK, Red Bull Salzburg and Dortmund," said the official statement from Manchester City.

The football star's worth has increased since joining Dortmund from the Austrian side Salzburg two years ago, owing to his prolific form. Since his debut for the club in January 2020, the 21-year-old has scored 86 goals in all competitions for Dortmund.

"I have always watched City and have loved doing so in recent seasons. You can’t help but admire their style of play, it’s exciting and they create a lot of chances, which is perfect for a player like me. I want to score goals, win trophies and improve as a footballer and I am confident I can do that here," said the Norwegian, as quoted by Inside Sport.

City have been looking for a replacement for Sergio Aguero, the club's all-time leading scorer with 254 goals, who transferred to Barcelona on a free transfer last year. Haaland, who won the German Cup and the Bundesliga Player of the Year title in 2022, could turn out to be an excellent alternative.