Football: Leicester sign defender Ricardo from Porto

Porto's defender Ricardo Pereira controls the ball during the Portuguese league footbal match between SL Benfica and FC Porto at the Luz stadium in Lisbon on April 15, 2018.
Porto's defender Ricardo Pereira controls the ball during the Portuguese league footbal match between SL Benfica and FC Porto at the Luz stadium in Lisbon on April 15, 2018. PHOTO: AFP

PORTO (AFP) - Premier League side Leicester City have signed Portugal defender Ricardo Pereira from Porto for a fee that could rise to 25 million euros (S$39.5 million), the Portuguese champions announced on Saturday (May 19).

The 24-year-old was named in Fernando Santos' Portugal World Cup squad on Thursday after helping his club win the league title in his first season since returning from a two-year loan spell at French club Nice.

"Our champion Ricardo is going to Leicester City FC, best wishes," Porto said on Twitter.

In a statement posted on the website of the Portuguese stock exchange authorities, Porto added that a 20-million-euro fee with possible bonuses had been agreed.