Donetsk sign Brazilian starlet

(GSM) – Ukrainian side Shakhtar Donetsk have completed the transfer of highly-rated Brazilian youngster Douglas Costa from Gremio for a reported fee of €12 million.

Costa had been linked with a move to Europe for some time, with Manchester United and Milan showing interest in the talented 19-year-old.

“This transfer was in everybody’s interest. Douglas asked us to sell him and we needed the money to satisfy our creditors,” said Gremio president Duda Kroeff during a press conference.

Shakhtar have reportedly acquired 80% of the player’s transfer rights and Gremio will receive 15% of the transfer fee in the event of his transfer from Shakhtar in the future.

Costa was a part of the Brazil U-20 squad that won the South American Youth Championship in 2009.