West Ham United have pulled off a 'remarkable' deal for Lucas Paqueta, according to journalist Manuel Veth. 

The lowdown

The Hammers officially confirmed the signing of Paqueta from Ligue 1 outfit Lyon in the last 24 hours.

He became the club's eighth arrival of the summer transfer window, following Gianluca Scamacca, Nayef Aguerd, Maxwel Cornet, Emerson Palmieri, Thilo Kehrer, Flynn Downes and Alphonse Areola (who made his loan move permanent) through the door.

West Ham's London rivals Tottenham Hotspur and Arsenal had previously been linked with Paqueta, as had Manchester United (via Evening Standard).

The latest

Veth of Transfermarkt and Forbes delved into the details of the move on Twitter.

He explained that 43% of the potential transfer fee wasn't guaranteed, but that the deal could still make history for West Ham if it amounts to €60.63m (£51.8m), adding that Paqueta's former club Milan were in line to receive some of the proceeds.

Veth tweeted: "Remarkable deal! Olympique Lyon have revealed that #WHUFC have paid €42.95m plus €18.68m in bonuses. The total fee would be a club record fee for West Ham. #Milan will receive 15% of the transfer profit."

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The verdict

This signing should be regarded as a major coup for West Ham.

Paqueta scored 11 goals and provided seven assists last season for a Lyon team which finished a lowly eighth in the French top flight.

Having made the Ligue 1 Team of the Year in 2020/21, he earned the division's Player of the Month award last October.

He has also made his mark at international level, notching 33 caps to date for Brazil, who are currently the number one-ranked international team in the world.

The 25-year-old looks like a potential difference-maker as West Ham look to improve upon last season's seventh-place finish.