Lyon have ended the signing of Leicester-based Islamist Slimani on a permanent deal.
The Algerian international joined Sporting Lisbon for £ 29m in August 2016 and made 29 appearances for them in his first season with the Foxes.
After that, he fell out of favor, however, and has since borrowed spells in Newcastle, Fenerbahce and Monaco.
Slimani has made just one look for Brendan Rodgers’ side this season, coming off the bench in a 1-0 loss to Aston Villa in October as he played his first game for Leicester since January 2018.
Leicester’s 32-year contract was expected to expire at the end of the season.
Slimani joins Lyon on the same day that Moussa Dembele completed his loan move to Atletico Madrid until the end of the season.
According to the French club’s website, Dembele is joining Atletico for a loan fee of € 1.5M (£ 1.35m) with a subsequent fixed fee of € 33.5M (£ 30m) agreed.
The agreement also includes additional incentives of up to € 5M (£ 4.5m), in addition to a 10 per cent sales tax on any future transfers.
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