Lyon has confirmed that goalkeeper Hugo Lloris has completed a move to Tottenham Hotspur on a four-year deal for 10 million euros ($12.6 million), a fee which could rise to 15 million euros ($18.9 million).
Press Association Sport reported that Lloris underwent a physical at the club despite furious claims made earlier by Lyon's chairman Jean-Michel Aulas about the conduct of his opposite number Daniel Levy in negotiations over the transfer.
"We have had people speaking all night with Daniel Levy. He talks a lot and goes back on what we've agreed in writing," Lyon president Jean-Michel Aulas said at the Europa League draw in Monte Carlo Friday.
"The things as they were at 5 a.m. were not the same at 10 a.m. I think we have to make sure we get a certain amount of value because it's important that Hugo can go to a quality club that allows him to do himself justice from a value point of view, so that he can feel right about it.
"Agreements have not at all been respected. We've done what we can. Hugo has been troubled by the difficulty in these negotiations.
"It's been very, very difficult. I've got 25 years of experience as a president of a club and it's our 16th participation in a European competition in a row. But this is very rare in the football world. The negotiation with the Tottenham directors has been the hardest I have ever had to undergo in these 25 years. We had email exchanges which have been contradicted, so that's made it very complicated. It's difficult. The Tottenham board's theory is to explain that the economic market is very hard and so we have to get used to renegotiating."
Lloris' signing is something of a coup given that he has been chased by a number of Europe's best clubs this summer.
His arrival may not be the last big deal that the London club conclude before Friday night's 11 p.m. deadline, however.
Reports suggest Tottenham hopes to lure Porto playmaker Joao Moutinho to White Hart Lane despite the fact that the Spurs boss Andre Villas-Boas said yesterday that it would be "impossible" to sign the 25-year-old, who has a 40 million euro ($50.2 million) release clause in his contract.
The 23-year-old Mexico international dos Santos has put pen to paper on a four-year deal with the Primera Division club.
Dos Santos has struggled to settle during a four-year spell at White Hart Lane after moving there from Barcelona, and has been loaned out to Ipswich, Galatasaray and Racing Santander in recent seasons.
Information from Press Association was used in this report.