Serie A champions Juventus confirmed on Thursday they had terminated Argentina striker Gonzalo Higuain’s contract by mutual consent.
The former Real Madrid and Napoli forward is reportedly set to join David Beckham’s Major League Soccer franchise Inter Miami.
“This operation generates a negative economic effect of approximately 18.3 million euros on the 2019/2020 financial year due to the residual value write-down of the registration rights of the player,” Juve said in a statement.
Juventus paid the 90 million euros ($106 million) release clause to sign Higuain from Napoli in 2016, and he had unsuccessful loans at AC Milan and Chelsea before returning to Turin last season.
But the 32-year-old was immediately told by new Juve coach Andrea Pirlo he was no longer part of the nine-time Serie A champions’ plans.
“He was a great champion, a great player but the cycle is over,” said Pirlo on his arrival in Turin.
“We looked each other in the eyes, we talked and we made this decision.
“I admire him a lot, but we have decided that the paths will separate.”