Toronto FC have completed the signing of Juventus forward Sebastian Giovinco, with the Italian set to join the MLS outfit in the summer after the completion of the 2014-15 Serie A season.   

The Canadian club announced the move via Twitter on Monday but did not disclose any information about the financial terms of the deal:

Kurtis Larson of the Toronto Sun reports that Giovinco could be set to earn $7 million (£4.6 million) a year across a five-year contract.

This would potentially make the Italy international one of the highest-paid players in MLS with top-earner Kaka of Orlando City currently demanding a similar figure.

Toronto general manager Tim Bezbatchenko hailed the signing of the 27-year-old Giovinco, per the club's website, which is something of a surprise move despite him being out of favour at Juve. He has started just twice in the league this season:

Today marks a very special day for Toronto FC with the addition of Sebastian Giovinco. Seba is in the prime of his career and he has chosen to join Toronto FC and MLS at a time when many of the top clubs in the world were pursuing him. We are very pleased to bring a fantastic player to Toronto FC for our club and for our fans, especially those in the Italian community.

Indeed, Toronto have pulled off quite a move in signing Giovinco, a high-profile signing for the whole league, per beIN Sports' Tancredi Palmeri.

He joins the Canadian club following the recent addition of Jozy Altidore, who switched from Sunderland last week with Jermain Defoe going the other way.

Giovinco figures to bring some excitement and intrigue to his new club in the near future.

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