AC Milan have announced they have agreed a deal to sign Brazilian playmaker Ronaldinho Gaucho from Barcelona this evening.
"AC Milan and FC Barcelona have reached an agreement in principle over the transfer of Ronaldinho," read an official AC Milan statement.
"The player will be in Milan on Wednesday to undergo a medical and sign a contract that will keep him at Milan until 30 June 2011."
The financial details of the deal has not been disclosed, but it is reported to have been sealed in the region of £15m plus performance-related bonuses.
English Premier League outfit Manchester City had made a substantially higher bid of £25m for the 28-year-old, but the Brazilian only had the desire to join the Rossoneri.
Milan vice-President Adriano Galliani has been in Spain for two days holding talks with Barcelona President Joan Laporta and Ronaldinho's agent and brother Roberto De Assis.
The two-time FIFA World Player of the Year's time at the Spanish giants effectively came to an end in June when new manager Pep Guardiola announced that he was surplus to requirements.
Nevertheless, the Catalans were not prepared to release Ronaldinho to join Dunga's Brazil squad for next month's Olympic Games in Beijing.
Ronaldinho helped Barcelona win back-to-back Spanish Primera Liga titles and the European Cup in 2006, but failed to cement a regular place in the Camp Nou starting XI last season because of injury and fitness issues.
He now goes to bolster an already strong Brazilian contingent at the San Siro alongside Ricardo Kaka and Alexandre Pato for an all-Selecao front three.