The Spain international joined Les Monegasques on a season-long loan with an €11 million buy option included, and the Ligue 1 club now plan to make the move permanent.
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Fati impressed during his spell on the Cote d’Azur, scoring 12 goals in 30 appearances across all competitions last season.
According to The Athletic, the 23-year-old had hoped for a potential return to Barcelona after learning of their plans to sign a new left-sided winger this summer.
However, the Catalan club’s recent confirmation of Anthony Gordon’s arrival has significantly reduced any possibility of a comeback to his boyhood team.