Manchester City have not received any initial fee for winger Ian Carlo Poveda, who has joined Leeds United on a permanent deal.
Poveda, 19, was into the final six months of his contract at City and joins the Whites on a four-and-a-half year contract. He has been given the number seven shirt at Elland Road, with Leeds currently second place in the Championship and eyeing promotion to the Premier League.
Despite the deal including no up-front fee, City included various targets in the transfer that could rise to £1m if they are all hit.
City have also included a 30 per cent sell-on clause in the deal, but unlike previous sales from the academy there is no buy-back clause in the agreement.
Instead, Leeds will have to notify City of any bids they receive for Poveda with City then having the opportunity to match.
Last summer, City exercised a buy-back option on Angelino from PSV Eindhoven, while there is also a similar option on Douglas Luiz, who joined Aston Villa.
Poveda made only one senior appearance for City, against Burton in last season's Carabao Cup semi-final second leg. He joins up with City loanee Jack Harrison, who is impressing on a second season-long loan at Elland Road.
Last month, Poveda told MEN Sport how he is a regular in first team training and was waiting for his opportunity to show his talent in games.
"Having young players in the team I have to help them out and it's good to see that they're learning and improving as well," he said.
"I train with the first team every day and it's really good, I'm learning every day new things. I just have to knuckle down and keep working hard and wait for my opportunity and when it comes I'll take it."