Watford have announced they have signed Nigerian striker Isaac Success from Granada for a club-record transfer fee.
The 20-year-old has moved to Vicarage Road on a five-year contract in a deal reported to be worth around £12.5 million, and becomes Watford's third signing of the summer after Jerome Sinclair and Christian Kabasele.
Watford have signed out-of-contract Liverpool striker Jerome Sinclair on a five-year contract.
The Reds would have been entitled to compensation - usually decided by a tribunal - as Sinclair is just 19 but the clubs have managed to come to an agreement which will see the Merseysiders receive £4million.
In a statement Liverpool said: "His registration would have been subject to compensation in the form of a development fee.
"However, following amicable and professional discussions between Watford and Liverpool, the clubs have reached an agreement regarding a transfer."
Watford have announced the appointment of Walter Mazzarri as their new head coach on a three-year contract.
The 54-year-old replaces Quique Sanchez Flores at Vicarage Road to become the Hornets' eighth manager in the last four years.
Italian Mazzarri arrives with plenty of coaching experience having managed Sampdoria, Napoli and Inter Milan amongst others in his home country.
Watford's chief executive Scott Duxbury told the club's official website: "Walter has been the target of a number of approaches for his services, so we're delighted to secure him as head coach here at Watford.
"We're thoroughly looking forward to working with such a highly-regarded coach, with the progress and development of the club always remaining the highest priority."
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