Paulinho has confirmed he will join Tottenham with the Premier League club reportedly set to offload 10 players to fund the transfer.
The Brazilian midfielder, who won the Bronze Ball award as the third-best player at the 2013 Confederations Cup after Brazil's 3-0 win in the final over Spain, has been linked with Tottenham throughout the European summer.
The 24-year-old finally confirmed the deal on Monday at a press conference in Sao Paulo, Brazil, ending his three-year stint at Brazilian Serie A club Corinthians.
Paulinho added there had also been interest from Inter Milan but revealed Tottenham were the only club to put in a bid, which is believed to be £17 million.
"The other interest we got was from Inter Milan but the only offer came from Tottenham," Paulinho said.
"The proposal came, we sat down, analysed it and decided.
"It was a big decision to go to a big club.
"There comes a certain point when you need new challenges."
Having secured a starting position with the Brazilian national team in the past year, Paulinho will be looking to take another step under Andre Villas-Boas at Tottenham in the lead-up to next year's World Cup finals in Brazil.
The holding midfielder will be key to Villas-Boas plans for the 2013/14 Premier League season with the Portuguese manager planning to bring in at least four new players, while 10 others have been made available for transfer, according to the London Evening Standard.
Barcelona striker David Villa and Croatian teenagers Alen Halilovic and Tin Jedvaj of Dinamo Zagreb are expected to join Tottenham, while Villas-Boas is willing to part with Tom Huddlestone, Jermain Defoe, Scott Parker, Clint Dempsey, Emmanuel Adebayor, Benoit Assou-Ekotto and Heurelho Gomes if the price is right.
Villas-Boas has also reportedly earmarked Jake Livermore to go out on loan.
While Paulinho is looking forward to taking the next step, he promised to return to Corinthians later in his career.
"What I have to say to Corinthians fans, board and staff is 'see you soon'," Paulinho said.
"I will be back in no time, due to everything they have done for me.
"My individual titles are all thanks to the club.
"Corinthians will be in my heart for the rest of my life."
|Perisic to play on Inter tour as Manchester United bid stalls|
|BREAKING NEWS: Defrel reunited with Di Francesco at Roma|
|Bonucci and Ramos best in the world, says Milan boss Montella|
|Injured Thiago out of Bayern pre-season tour|
|Klopp helped me a lot - Liverpool captain Henderson reflects on injury woe|
|Rashford: Lukaku partnership could fire Man Utd to glory|
|De Sciglio completes €12m Juventus switch|
|Insigne eyes Scudetto success... and the tattoo to match|
|Mourinho: Manchester United can´t compete with clubs who buy and buy and buy|
|Lewandowski happy to see Aubameyang stay at Dortmund|
|Morata: Conte has shown the most faith in me|
|Neymar signing ´would be good´ for PSG, says Silva|
|Chelsea eyeing all titles this season - Kante|
|Neymar could make PSG Champions League contenders - Emery|
|MLS Review: Red Bulls put five past Earthquakes, Sounders rally from 3-0 down|
|PSG target Neymar and Barca arrive in New York|
|Morata says goodbye to Real Madrid ahead of Chelsea move|
|Mourinho unfazed by Morata´s Chelsea move|
|United States 2 El Salvador 0: Hosts advance to Gold Cup semis|
|Roma 1 Paris Saint-Germain 1 (3-5 pens): Alves makes debut in win|
|Rummenigge names Sanches price as he doubts Milan can meet Bayern demands|
|Messi a machine built for football – Xavi|
|Costa Rica 1 Panama 0: Godoy own goal the difference|
|Kompany: Man Utd star Lukaku believes he´s best in the world|
|Mourinho: Guardiola rivalry has eased|
|Lennon steps up Everton return with goal in Twente friendly|
|Morata ´very happy´ as Chelsea move nears|
|Verratti drops agent for Raiola after ´prisoner´ comments|
|Celtic 4 Linfield 0 (6-0 agg): Plain sailing as Sinclair scores twice|
|He´d still be running now if we didn´t take him off! - Klopp impressed by Salah energy|
|Sammer not convinced by ´limited´ James|
|Morata ready to be Chelsea´s main man? Spain star compared to Costa and Lukaku|
|Aguero going nowhere as Guardiola cools Sanchez talk|
|Manchester derby gets worker bee emoji in tribute to terror victims|
|Chelsea agree terms with Madrid on Morata deal|
|Barkley set to miss season opener after surgery|
|Southampton goalkeeper Forster signs new long-term contract|
|Guardiola confirms Manchester City´s Danilo interest|
|Adrian sends Sullivan reminder after West Ham chairman´s gushing Hart comments|
|Liverpool 2 Crystal Palace 0: Solanke and Origi on target in Hong Kong|
|Murphy completes move to boyhood club Newcastle|
|Bayern Munich 1 Arsenal 1 (2-3 pens): Cech and Martinez the heroes in shoot-out win|
|Szczesny completes €12.2m Juventus move|
|AC Milan did not respect Dortmund over Aubameyang, says Watzke|
|Great in the air, will Crouch be a hit on-air?|
|Atletico guarded over Costa bid|
|Del Piero backs Juventus to respond to Bonucci loss|
|Jakupovic joins Hull exodus to seal Leicester deal|
|Mourinho unsatisfied with Manchester United transfer business|
|Barcelona have been sleeping, warns Xavi|
|De Sciglio finalising Juventus move|
|Roma eye Mahrez as Salah replacement|
|€75m? No way! Leipzig reject huge bid for Liverpool target Keita|
|Matic closer to Manchester United move after Chelsea tour snub|
|Lukaku: Mourinho has already made me a better player|
|Mourinho wants 15 more years at United|
|Wijnaldum confident Liverpool can challenge for title|
|Conte´s non-extension the latest twist in Chelsea´s stuttering close-season|
|Hammered at Arsenal and destroying Man United - five key games in Chelsea´s title triumph|
|Masterful tactics, signing Kante and Moses´ reinvention: How Antonio Conte won Chelsea the Premier L|
|Nice sign experienced France defender Jallet|
|Conte signs new deal at Chelsea|
|Juventus and Sampdoria pull plug on Schick deal|
|Navas not ready to let go of Madrid number one spot|
|Lucas bids fond farewell to Liverpool as he completes Lazio switch|
|Ranieri looking to the future with Nantes after making sweet music with Leicester|
|Bonucci arrival could signal AC Milan formation change|
|Montella finds positives in AC Milan display despite Dortmund defeat|
|Cardona signs extended Monaco deal|
|Manchester City outcast Hart joins West Ham on loan|
|International Champions Cup: Guardiola meets Mourinho again as Barcelona take on Ronaldo-less Real M|
|Lukaku the missing piece of the Manchester United jigsaw - Herrera|
|Cassano to keep playing after stunning retirement U-turn|
|Barcelona ´200 per cent sure´ of keeping Neymar, amid reports of PSG bid|
|Bosz cautious over suggestions Aubameyang is staying|
|Mane to join Liverpool pre-season training in Germany|
|Could James arrival leave Bayern a Muller light? Ancelotti says no|
|AC Milan 1 Borussia Dortmund 3: Aubameyang double downs Rossoneri|
|Perisic named in Inter tour squad despite Manchester United links|
|Trippier signs five-year Spurs deal|
|Wenger: Sanchez´s Champions League plea lost in translation|
|Coquelin backs ´ice cold´ Lacazette to make the difference at Arsenal|
|Liverpool won´t sell Coutinho or other key players, says Klopp|
|Lapadula seals Genoa switch as De Sciglio reportedly nears Juventus move|
|Szczesny arrives to seal Juventus switch|
|No bids for Mahrez, says Leicester boss Shakespeare|
|RFEF president Villar arrested as part of anti-corruption probe|
|Hernandez sale a possibility, suggests Voller|
|Di Maria wants PSG stay despite Emery problems|
|Gotze determined to make ´beautiful´ Dortmund return count|
|Mourinho has ´no idea´ if Perisic will join Manchester United|
|Mourinho: Referee sent off Valencia after I refused to substitute him|
|Lukaku revels in first goal for Manchester United|
|Real Salt Lake 1 Manchester United 2: Lukaku opens his account as Valencia sees red|
|Neville: Rooney can end Everton´s trophy drought|
|Golazo! Real Madrid´s Bale ready for new season|
|World Cup winner Zaccardo looking for new club... on LinkedIn|
|Giggs backs Perisic to make big impact at Man United|
|Boro smash transfer record to bring in Assombalonga|