Transfer news

Corinthians agree Guerrero fee

July 11, 2012
By ESPN staff

Brazilian side Corinthians have agreed a fee with Bundesliga side Hamburg for Peru striker Jose Paulo Guerrero.

Paolo Guerrero celebrates a late winner for Hamburg at Cologne
GettyImagesPaolo Guerrero was one of the stand-out performers at last year's Copa America

Guerrero, 28, moved to Germany in 2002, spending four years at Bayern Munich before moving to Hamburg in 2006.

Hamburg sports director Frank Arnesen confirmed that a deal had been agreed with the Brazilian side, who have a well documented ambition to recruit a new centre-forward this summer.

"Both teams have agreed on the transfer," Arnesen told reporters. "It is a big thing for Paolo to play for such a club and we wish him all the best."

Corinthians were recently crowned South America's best side, but have since seen a host of their players targeted by European sides. They were previously linked with moves for strikers Carlos Tevez, Diego Forlan and Nilmar.