Manchester - Manchester City have completed the signing of Spanish striker Alvaro Negredo from Sevilla, the club confirmed on Friday. Negredo, 27, follows former team-mate Jesus Navas to the Etihad stadium for a reported initial fee of £16.4 million, which could rise to £20 million with add-ons. "City are delighted to announce the signing of Alvaro Negredo, who becomes the club's third new recruit of the summer," the club's website announced. The club are also close to securing another striker, Montenegro's Stevan Jovetic, from Fiorentina. The Italian Serie A club announced they had reached an agreement to sell Jovetic, 23, for £22.4 million. Negredo, capped 14 times by Spain, said earlier this week: "I have spoken to Navas, he's an important player in anyone's squad and I'm very happy to be playing with him again. "Manuel Pellegrini completely convinced me to join Manchester City. It's a big club and a new challenge for me." His arrival follows those of Navas and Brazilian midfielder Fernandinho, who joined from Ukrainian champions Shakhtar Donetsk for around £30 million.