Portugal midfielder Otavio has joined Al-Nassr from Portuguese side Porto, the Saudi Pro League club said on Tuesday.
The club did not disclose the transfer fee, but local media reported it was around 60 million euros ($65.08 million).
Otavio, 28, scored 31 goals in 283 games in all competitions for Porto after joining the team in 2014.
“We have officially signed the Portuguese Star Otavio. Huge Welcome to The Best Player in Liga Portugal,” Al-Nassr posted on social media.
Otavio joins an Al-Nassr squad that also includes Cristiano Ronaldo, Sadio Mane, Marcelo Brozovic, Alex Telles and Seko Fofana.
Luis Castro’s team has made a poor start to the Pro League season, losing both its opening matches.
The Saudi Public Investment Fund (PIF) has announced a Sports Clubs Investment and Privatisation Project involving league champions Al-Ittihad, Al-Ahli, Al-Nassr and Al-Hilal.
PIF owns 75% of each of the four clubs, while their respective non-profit foundations own 25% of each.