Toronto have been linked with Giovinco for some time and they have now won the race to sign the talented Italian ahead of some of Europe’s top clubs.
Arsenal, Tottenham, AS Monaco and others have all been linked but Giovinco has chosen MLS and Toronto as his next destination because he has been offered a “truckload of money”.
The money he is being offered by Toronto is believed to be in the region of $6 million per year – an amount that will make him one of the highest earners in the league.
At 27, Giovinco is a major capture for Major League Soccer and Toronto will be hoping for big things in 2015 with a player of his calibre on their side.
Jozy Altidore replaced the outgoing Jermain Defoe on Friday, and the club currently have three Designated Players in Altidore, Michael Bradley and Gilberto.
One of those will have to leave the club to accommodate Giovinco, and it is most likely to be Gilberto, though the Italian won’t be joining until the summer when he finishes his final season with Juventus in Serie A.
The league are currently negotiating the latest collective bargaining agreement with the players’ union and that could see the number of DP slots allowed on one team to four, but that remains to be seen.
He is in the final six months of his contract and so won’t require a transfer fee to move to Canada but if the deal is confirmed, as expected now on Monday or Tuesday, Toronto will suddenly have one of the most frightening attacking forces in MLS.
How good a signing will Sebastian Giovinco be for Toronto FC?