Álvaro Fernández has joined Benfica on loan from Manchester United until the end of the season after his deal at Granda was cut short.
Fernández has experienced first-team football both on loan at Preston North End and Granada, but he will now spend the remainder of this season with Portuguese side Benfica.
Although most loans are often just that, United have decided to add an option to buy clause into the deal.
If Benfica want to purchase the player permanently, they can do so for a fee of £5.2 million, which is a figure that has been reported by most mainstream media.
Beyond that, United have also added incentives, where should certain parameters be met, Benfica would also have to pay a further £2.6 million.
As well as this, the club have also inserted a clause where, should Fernández start at least 50% of games that he features in, this buy option becomes an obligation – Benfica will have to pay United the £5.2 million and keep Fernández permanently.
Should Fernández stay at Benfica beyond this season, they have also retained the option of a buy-back clause, although the figure for this has not been released publically.
United also retain a sell-on clause should Benfica sell the player in future, as well as a matching clause, where they will be able to match any bid accepted by Benfica for the player, and the Portuguese club have to then accept said bid.
Fernández has yet to make a first-team appearance for United but has featured in multiple pre-season games. We wish him the best of luck on loan.
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