The 23-year-old helped West Ham avoid relegation last season with the only goal of their final match at Old Trafford, having moved to London from SC Corinthians Paulista last summer. A dispute over his contract delayed his transfer to Manchester but the clubs have drawn up a settlement that prevents legal action, with West Ham to receive €3m in compensation.
A statement on West Ham's website read: "The agreement confirms that West Ham United do have a valid player's contract with Carlos Tévez and hold the registration of the player. This will be released once the agreed fee has been paid to the club. The terms of the settlement are consistent with undertakings given by West Ham to the Premier League and the rules of The Football Association."
Tévez, who will replace Newcastle United FC-bound Alan Smith, becomes the Premier League champions' fourth summer signing following the arrivals of Nani from Sporting Clube de Portugal, Anderson from FC Porto and FC Bayern München midfielder Owen Hargreaves. When the switch was first mooted last month, the former CA Boca Juniors forward said: "For me, Manchester United would be a sensational destination and to be a member of Sir Alex Ferguson's squad will be absolutely spectacular. My dream is to be an idol in English football and I can achieve this now."
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