Swansea City have confirmed that highly-rated forward Michu has joined Napoli on loan until the end of the season, ending the interest of Arsenal and Liverpool.
The Spanish star, who endured a torrid 2013/2014 campaign due to niggling injuries, has been in talks with the Serie 'A' outfit since the end of last season, and after the Welsh side signed two new strikers in Bafétimbi Gomis and Marvin Emnes, the club finally allowed Michu to leave, albeit in on a loan.
Michu was a tremendous signing for Swansea City back in the Summer of 2012, and he eventually went on to score over 20-goals for the Premier League outfit. He was labelled one of England's bargains of the season, costing the club just £2million from Spanish side Rayo Vallecano.
At the end of the 2012/2013 campaign, Michu was nominated as the Swans' Player of the Year and also the Fans' Player of the Year.
Unfortunately for Michu, his second season in the Premier League wasn't as successful, but that was due to injury problems rather than a loss of form at the Liberty Stadium.
Luckily for the Swans, they managed to sign Wilfried Bony last summer, who eventually went on to carry the Premier League side by scoring just as many as Michu did in his debut campaign.
Consistent injuries kept Michu out for nearly all of the 2013/2014 season.
At the end of last season, Michu was linked with a summer exit from the Liberty Stadium, with Napoli the main team interested in Italy, and the two parties have been in talks for a while now with a deal yet to be agreed.
However, Napoli's president, Aurelio De Laurentiis, took to social networking site Twitter to welcome the Spaniard to the club.
He tweeted: "Benvenuto a Michu", translating to 'Welcome Michu'.
Arsenal & Liverpool interest
The news will be a blow to two interested Premier League parties though, with The Daily Express claiming both Arsenal and Liverpool were interested in the player.
Arsene Wenger has already been busy in the transfer window, adding Alexis Sanchez and Mathieu Debuchy to his Gunners' first team squad.
However, the signing of Michu would have offered Arsenal something different behind the striker, and the Emirates Stadium outfit will now have to look elsewhere.
Liverpool, meanwhile, have made four signings this summer, with Rickie Lambert, Lazar Markovic, Adam Lallana and Emra Can all making the move to Anfield.
And, whilst the Reds boss has strengthened his attacking options heavily, Michu would have brought an impressive record with him to Merseyside.
Despite originally disagreeing on what the deal should be, with Swansea keen on a permanent deal, it appears that the two clubs have now agreed a loan-move with the potential of making it permanent next summer.
Swans manager Gary Monk originally made it clear that he wanted to keep the Spaniard at the club, but he will now look to his new signings to add firepower up front as Napoli benefit from the player's arrival.