Konstantinos Mavropanos has completed a move from Arsenal to Stuttgart today.
Chris Wheatley tweeted out on Tuesday that Konstantinos Mavropanos was expected to complete a permanent move to Stuttgart within the next week.
On Thursday, he clarified that it would actually be a loan with an obligation to buy. It has now been confirmed by Arsenal:
— Arsenal (@Arsenal) June 24, 2021
With David Ornstein providing details:
Konstantinos Mavropanos joins Stuttgart from Arsenal, worth up to £5m. 1yr loan then 3yr deal if turned permanent. £500k loan fee, £3m chance to buy (obligation if #VfB stay up, option if relegated). Bonuses up to £1.5m. Sell-on clause @TheAthleticUK #AFC https://t.co/2MyBzLEH3L
— David Ornstein (@David_Ornstein) June 24, 2021
As we covered earlier this week, BILD reported that Mavropanos was indeed close to a move to Stuttgart. According to the German outlet, it’s a loan with an option to buy (€7m).
That figure is roughly consistent with previous reports that Mavropanos’ transfer would cost around £7m (€8.2m).
Obviously, it’s much better for Arsenal to agree on an obligation to buy than have another year of limbo where Stuttgart might not even take up their purchase option at the end of it.