Barcelona’s Pursuit of Joao Cancelo Nears Resolution Amid Financial Hurdles

31 August, 2023

Barcelona’s quest to secure the services of Portugal international Joao Cancelo has faced a series of obstacles, but the Catalan club is now optimistic about finalizing the deal on Thursday. Barcelona had previously reached an agreement with Manchester City to acquire Cancelo on loan, but financial complications had impeded the transfer.

“Barcelona are hoping to be able to ‘unlock’ a deal to bring Joao Cancelo to the club on Thursday after seeing plans to land the Portugal international delayed,” reports suggest.

Cancelo’s anticipated journey to Barcelona earlier this week was unexpectedly halted due to the club not receiving a scheduled payment from the German firm Libero. This unforeseen financial hiccup had temporarily derailed the transfer plans. Follow your favourite football team with attractive La Liga odds from Nextbet. 

In an effort to expedite the Cancelo deal, club president Joan Laporta and club treasurer Ferran Olive are willing to provide a bank guarantee. This guarantee would inject a crucial €20 million into Barcelona’s finances, potentially clearing the path for the acquisition of Cancelo and allowing the registration of Inaki Pena and Inigo Martinez.

The anticipated departures on loan of Clement Lenglet and Ansu Fati are expected to further bolster Barcelona’s financial situation. These exits could create the necessary space and resources for Barcelona to consider the possibility of securing Joao Felix from Atletico Madrid on loan as well.

As Thursday approaches, Barcelona remains hopeful that the hurdles in the way of the Joao Cancelo deal can be surmounted. The club’s determination to strengthen its squad and secure valuable talents like Cancelo reflects their commitment to success in the upcoming season. Get the latest updates from the La Liga only on Nextbet Sports