Atletico Madrid duo Yannick Carrasco and Nico Gaitan complete transfer to Dalian Yifang

Atletico Madrid duo Yannick Carrasco and Nicolas Gaitan have completed their moves to Chinese Super League side Dalian Yifang, the La Liga club announced on Monday.

Carrasco has denied the interest of Premier League giants Arsenal and Manchester United to sign for Chinese newly-promoted outfit for £26million. The Belgian is reported to earn a staggering £8.8million a season.

He will be joined in China by Argentine winger Gaitan, who is rumored to have made the switch for a fee of £15.8m.

The pair join former West Ham defender Jose Fonte at Dalian Yifang after the Chinese club sealed a £5m deal at the weekend.

However, it may not be the end of their spending. The Chinese Super League side have been reported to snap up Atletico Madrid striker Fernando Torres, whose contract expires at the end of the season.