(GUARDIAN) - Everton have signed striker Sandro Ramirez from Malaga for £5.3 million (S$9.4 million).

The fee represents the Spain under-21 international's buyout clause.

Sandro, who played for Barcelona before joining Malaga last year, was on international duty at the European under-21 Championship in Poland and scored in Spain's 3-1 win over Portugal last week.

The 21-year-old had also been heavily linked with Atletico Madrid but their hopes were scuppered by a transfer ban.

Sandro scored 16 goals in 31 games for LaLiga side last season.

He is Everton's fifth summer signing, following English goalkeeper Jordan Pickford for an initial £25m, Dutch international midfielder Davy Klaassen for £23.7m , Nigerian international forward Henry Onyekuru for £7m as well as Dutch teenage centre-back Nathangelo Markelo for an undisclosed fee and takes the club's summer spending to over £60m.