Manchester City signed Portuguese international right-back Joao Cancelo from Juventus with Brazilian full-back Danilo heading in the other direction to join the Italian champions.
City will pay a net fee of 28 million euros ($31 million) with Cancelo's move valued at 65 million euros and Danilo costing 37 million euros.
"City are a fantastic club, with a brilliant manager and I am delighted to be here," said Cancelo, who signed a six-year contract on Wednesday.
"Everything about them has impressed me, from the facilities, to their style of play.
"I am always looking to develop my game and win trophies and I believe I can do that here, so now I'm really looking forward to the new season and testing myself in the Premier League."
"He fits the profile of player we want here at Manchester City. His best years are ahead of him, he's technically proficient and has the physical attributes we desire."
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