UPDATE: Friday, August 31 at 7:10 p.m. ET by Alex Hall
We are delighted to announce that we have reached agreement with Olympique Lyonnais for the transfer of goalkeeper Hugo Lloris.— Tottenham Hotspur (@SpursOfficial) August 31, 2012
----End of Update----
Tottenham Hotspur are making big moves at the summer transfer deadline.
Manager Andre Villas-Boas just reportedly pulled off one of his biggest steals yet by signing goalkeeper Hugo Lloris.
According to Goal.com, Spurs are bringing in the French captain for a reported price of around £12 million. However, the financial details are a bit tricky:
Reports in France suggest Spurs will pay an initial £9.5m for Lloris, with the rest of the fee dependent on performance-related add-ons, while Lyon will also have to give 25 per cent of the fee to Nice.
Lloris played from 2005-2008 with Nice before agreeing to transfer to Lyon, the Ligue 1 powerhouse, where he served as the No. 1 keeper until his move to White Hart Lane today.
Lloris has earned 38 caps for the French national team and recorded 19 clean sheets. He has also appeared in 257 matches at the club level and has plenty of experience for his young age.
The 25-year-old is taking over in the net for 41-year-old goalie Brad Friedel, and is expected to become the regular No. 1 keeper at Tottenham for the foreseeable future.
Is Lloris a Good Acquisition for Tottenham?
It’s surprising that Lyon finally agreed to move Lloris. Spurs initially approached the French squad at the beginning of the summer. Villas-Boas was quickly rebuffed, but decided to maintain interest.
He was finally able to snag the shot-stopper following Luka Modric's blockbuster move to Real Madrid, which earned the club £33.2m.
Lloris joins Joao Moutinho, who signed for a reported club record fee of £22 million on Friday morning (via the Daily Mail), as the latest acquisition for the London club.
It seems that Spurs are serious about competing in 2012-13 and have started to put the pieces in place to make a run.
Lloris will certainly improve their goalkeeping situation, which was a major factor that the side needed to address in order to compete with the top teams in the EPL.
Keep it tuned to B/R for the latest news, rumors, updates, opinions and analysis on Tottenham's moves during the last day the transfer window remains open.