Bournemouth have signed Olympique Lyon midfielder Romain Faivre.

Faivre moves to the Cherries for €15m, but will spend the new season on-loan with Lorient.

Bournemouth owner Bill Foley recently bought a stake in the Ligue 1 club.

Bournemouth chief executive Neill Blake said: "It's great for the club to have secured such a talent in Romain.

"He's a player we've been monitoring for a number of years since his move to Brest, and we were particularly impressed with his progress while on loan at Lorient."

Lyon have also announced they retain a 15 per cent sell-on clause in the deal.