Barcelona begin spending spree with Paulinho

Update: 2017-08-14 19:00 GMT

Barcelona: Barcelona made Brazilian international midfielder Paulinho their first signing since banking a world record fee for Neymar on Monday after agreeing a $47 million fee with Chinese club Guangzhou Evergrande.

"Barcelona and Guangzhou Evergrande have reached an agreement for the transfer of the player Paulinho Bezerra for 40 million euros," Barca said in a statement. He has signed a four-year deal with a 120 million euro buyout clause and will be formally presented on Thursday. The announcement of Barca's third signing of the summer transfer window after Gerard Deulofeu and Nelson Semedo came just hours after the Catalans suffered a 3-1 home defeat to Real Madrid in the Spanish Super Cup first leg on Sunday. After the game, midfielder Sergio Busquets put pressure on the Barca board by claiming Barca had to strengthen their squad before the transfer window closes on August 31. Barca have so far been unsuccessful in their attempts to land a more natural replacement for Neymar with huge bids for Coutinho and Dembele being rejected by Liverpool and Borussia Dortmund respectively. 

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