30-6-10: Manchester City have reached an agreement with Valencia over the £27m transfer of David Silva on a five-year deal. Roberto Mancini has been busy trying to strengthen his squad since City's disappointing end to last season when they agonisingly missed out on UEFA Champions League qualification. Silva was identified as somebody who could help the club challenge for future honours, although Chelsea were also linked with a move for the winger. City have now won the chase for his signature and finalised the details of his contract. The Spain international will complete his medical and officially become a City player once his involvement at the World Cup is over. The 24-year-old has been linked with a move away from Valencia for some time as the financially-troubled Spanish club look to raise funds, and he is delighted to be on his way to Eastlands. "Firstly I would like to thank Valencia as a club and all of their loyal fans, and my team-mates there and staff," Silva told City's official website. "I have enjoyed six years at Valencia, they discovered me as a footballer and they will always be a special club for me. "The time is right for me to seek a new challenge, and I am thrilled about playing in England with Manchester City. "I believe the Premier League is one of the best competitions in the world and I want to bring success to City and win trophies for them. "There has been a lot of speculation about me in the British and Spanish media, and I need to fully concentrate on playing for Spain in the World Cup. "That is why my advisors have been dealing with City for me so that I can have my attentions only on South Africa and playing well for my national team." Mancini also expressed his satisfaction at clinching the deal and backed Silva to make an impact in the Premier League. He said: "I think that David Silva is one of the best midfielders in Europe, and I hope he will be a very important player for Manchester City