Marcus Berg has left Bundesliga club Hamburg to join Panathinaikos on a free transfer, signing a four-year contract in Greece.
Berg, 26, was Hamburg’s record signing until the arrival of Rafael van der Vaart last summer - but the striker scored only five goals in his four years at the club.
"Panathinaikos FC announces that it has reached an agreement with the Swedish international footballer Marcus Berg, who has signed a four-year contract,” a Panathinaikos statement said.
Berg joined Hamburg from Netherlands side FC Groningen for a fee of around €10 million in 2009 after a summer that had seen him named the Under-21 European Championship Player of the Tournament.
He made 30 Bundesliga apperances for Hamburg in his debut season but scored only four goals and was sent to Eindhoven on a one-year loan deal. After returning to Hamburg, he only clocked up 24 further appearances, scoring one goal.
It is believed the move will save Hamburg – who are trying to cut their wage bill from €48 million to some €40 million this summer – around €2 million in wages. “This is a good decision for him and HSV,” Hamburg sporting director Oliver Kreuzer told Sky Sports News.