The deal was made official on the websites of both clubs after talks reached a positive conclusion on Thursday evening.
Pato will sign a four-contract with the newly crowned FIFA Club World Club champions and will wear the number 7 jersey for the Timao.
Corinthians paid €15 million for 60% ownership of the player, with Pato now holding 40% of his registration rights. That means that any future sale will result in the player receiving 40% of the transfer fee.
Despite previous reports, it does not appear as though Pato has reduced his wages to complete the move. It also appears as though AC Milan do not have a buy-back clause despite Silvio Berlusconi’s hopes for one.
Thus Pato leaves AC Milan and the Serie A after 5 injury ravaged seasons that included 150 appearances for the Rossoneri to go along with 63 goals.
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