Olympiakos have signed Napoli defender Kostas Manolas.

Manolas leaves Napoli in a €2.5m deal, agreeing to join Olympiakos on wages less than half what he has been earning in Italy.

Manolas also gave up his December salary, which handed Napoli €400,000 as well.

The move was motivated by 'personal reasons' and he returns to an Olympiakos where he played between 2012 and 2014.

Thousands of fans welcomed Manolas back outside the club on Thursday morning.