Valencia have confirmed the signing of French midfielder Francis Coquelin from Arsenal.
The 26-year-old joins on a four-and-a-half year deal with a £71.2m release clause in his contract and is believed to have been signed for a £12m fee.
"They all said that Valencia is a great city and a big club, so I am very happy to be here," Coquelin, who had been at Arsenal since 2008, told the club's official website.
"I have seen the team, they are going along very well, they are third in the table.
"I have watched their recent games, since I knew that the negotiations between the two clubs were picking up, such as the Copa del Rey game versus Las Palmas. They were very good.
"I believe that the players are doing a great job. Obviously, I am here to help the team and to help them hit their targets."