Lokomotiv and Levante reach agreement on terms of Caicedo transfer

Lokomotiv Moscow may complete the signing of Levante striker Felipe Caicedo in the following days. Today the Red-and-Greens provided the Spanish club with the required financial guarantees, according to Bobsoccer.ru.

According to the source, Levante will receive €4.5 million as a lump sum, but Lokomotiv will also pay two more tranches, €1.5 million euro each, within the next eight months.

Moreover, it is reported that the clubs have also agreed on the bonuses to be received by the Spanish club in case of Caicedo’s successful performances for Lokomotiv. For example, if the Ecuadorian scores a certain (yet undisclosed) number of goals, the Russian club will pay Levante some additional €2.5 million.