Austrian international Marko Arnautovic has ended his two-year spell with Chinese Super League side Shanghai Port by signing for Italy's Bologna.
The Serie A side announced the arrival of the 32-year-old former West Ham United striker on their official website, confirming Arnautovic has inked a permanent deal.
No details were provided on the length of the contract or whether a transfer fee was paid to the Chinese Super League club.
Arnautovic moved to China in July 2019 from West Ham but struggled to meet expectations as Shanghai fell short in both the Chinese Super League and the Asian Champions League.
He scored 19 times in 33 league matches for the club and once in the 2020 Asian Champions League.
Meanwhile, Spain's top soccer league has agreed in principle to sell 10% of its business to private equity firm CVC Capital Partners for around $3 billion, the New York Times reported late on Tuesday, citing executives with knowledge of the deal.
The deal requires a nod from the league's clubs and if approved, could help cash-strapped teams including FC Barcelona repair their finances that have taken a blow from the COVID-19 pandemic, according to the newspaper.
CVC did not immediately respond to a Reuters request for comment after business hours, while La Liga was not reachable.
The private equity firm, as part of a consortium last year, entered talks to buy a stake in the media business of Italy's top soccer league. The deal fell through following objections from some soccer clubs.
La Liga representatives and CVC have been meeting with club officials to secure their backing, executives told NYT, adding that the deal has not been finalized.
Earlier this year, La Liga expanded its partnership with Microsoft Corp in a bid to boost revenue for its pandemic-hit soccer clubs and re-energise a fanbase that is consuming ever more digital products.
