Manchester City have signed Porto midfielder Nico Gonzalez for 60m euros (£50m).

Gonzalez is Manchester City's fifth signing of the winter transfer window and has penned a four-and-a-half-year contract.

City have paid £180m in transfer fees during this window, making it the second-highest spend by a club worldwide during the winter window after Chelsea, who spent £274m in 2023, according to Transfermarkt, external.

The 23-year-old Spaniard began his senior career with Barcelona in 2009 and joined Porto in July 2023.

Gonzalez has scored nine goals and laid on nine assists in 68 appearances for Porto and won the Portuguese Cup last season.

"This is the perfect opportunity for me at this stage of my career," Gonzalez said.

"I am 23 and I want to test myself in England. There's no better club than Manchester City for me to do that.

"Look at the squad they have here… it's unbelievable, full of world-class players. There isn't a footballer in the world who would not want to be part of this set-up."

City sit fifth in the Premier League, 15 points adrift of leaders Liverpool, following Sunday's 5-1 defeat at Arsenal.

They have been without Ballon d'Or winner Rodri in midfield since he suffered a major knee injury in September.

On Thursday, Gonzalez scored in a 1-0 win against Maccabi Tel Aviv in the Europa League to help Porto through to the knockout phase play-offs.

"I know the reputation Pep [Guardiola] has and I cannot wait to work with him. In fact, I am honoured he wants me to play in his team," Gonzalez added.

City have already signed Egypt forward Omar Marmoush, Brazilian defender Vitor Reis, Uzbekistan defender Abdukodir Khusanov and Sierra Leonean defender Juma Bah, who has since been loaned out to Lens.