The Catalan club said "Barcelona Football Club has today reached an agreement with Valencia for the transfer of Jordi Alba, pending a medical which he will undergo in Barcelona next week."
"The cost of the transfer will be 14m Euro and the player will sign a contract for the next five seasons."
The club also stated "He is young, quick and skilful and stands out for his attacking spirit, and often poses a headache for rival right-backs."
"He has become one of the sensations of the tournament thanks to his displays of power and skill down the left wing."
Jordi Alba, 23, is a result of the Barcelona youth academy, but failed to break into the first team at Camp Nou and left the club in 2005.
He will now come back to his boyhood outfit after spells with Cornella,
Gimnastic and Valencia and will replace France international Eric
Abidal, who is recovering from a liver transplant.
He has impressed in serving Spain to Sunday's final of Euro 2012 and has played each of Spain's five games in Poland and Ukraine and has been the key for them in defence as well as in attack with his runs down the left wing.
He was also an essential player for Valencia last season as he aided them to capture third place in La Liga and a Champions League spot.
Jordi Alba has become the first signing of new Barcelona boss Tito Vilanova, who has taken over from Pep Guardiola after he left the club at the end of last season.
He has impressed in serving Spain to Sunday's final of Euro 2012 and has played each of Spain's five games in Poland and Ukraine and has been the key for them in defence as well as in attack with his runs down the left wing.
He was also an essential player for Valencia last season as he aided them to capture third place in La Liga and a Champions League spot.
Jordi Alba has become the first signing of new Barcelona boss Tito Vilanova, who has taken over from Pep Guardiola after he left the club at the end of last season.
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