The Argentine maestro had been on a season-long loan at the club up until this point – now he’ll be in Portland in 2014 and beyond.
Portland Timbers have signed Designated Player Diego Valeri to a permanent, multi-year contract.
Valeri had, up until Tuesday, only been at the Timbers on loan. However, the loan deal stipulated that Portland would also have the option to buy the player should they so desire. Sports Illustrated correspondent Grant Wahl reported that the transfer fee paid to his parent club Lanus was a little under $3m (£1.9m).
The forward has been in sensational form for the Timbers so far this season, with four goals and eight assists placing him atop the team’s goal contribution chart.
Valeri has slotted into the Timbers’ offensive machine perfectly, creating one of the league’s most deadly attacking tridents alongside Darlington Nagbe and Ryan Johnson.
The 27-year-old Argentine international is making a strong case for MLS Newcomer of the Year – one that will only grow stronger should the Timbers win the Western Conference.
Currently a mere three points behind leaders Real Salt Lake, and with a game in hand, the Timbers and RSL will face off this coming Saturday in a match that will have a huge impact on the shape of the conference – regardless of outcome.
Watch a select few of Valeri’s best assists and goals for Portland below: