City will pay Monaco £43 million up front for the Portugal playmaker, though reports in France indicate add-ons and other bonuses will increase the total figure.
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The Blues have kicked off their summer in style, and have announced Silva's arrival little over 24 hours after confirming that Gael Clichy, Jesus Navas, Bacary Sagna and Willy Caballero will leave the club on free transfers this summer.
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