Chilean giants Colo Colo have broken the Chilean transfer record for a foreign player to sign midfielder Macnelly Torres.
The Colombia international has joined from Cucuta for 2.2million US dollars ($A2.4million), beating the previous record of 1.5million ($A1.6million) set by Universidad Catolica when they signed Argentinian playmaker Nestor Gorosito in 1994.
Torres will stay at Cucuta for the Copa Mustang I and the Copa Libertadores before flying to Santiago to join his new club.
Gabriel Ruiz-Tagle, president of Blanco y Negro (the company which manages the club's finances) also explained there is an insurance policy in place for the player of "around three million dollars" in case of injury.
"Also, if there is an offer for Torres during this period, we will analyse it. If Macnelly is in great form in the Copa Libertadores and another club wants to sign him, any money from a further signing belongs to Colo Colo," he said.
"It has been one of the most difficult negotiations of my life. The most important deals are the most difficult to achieve."
Torres told Chilean newspaper el Mercurio: "I know I am going to a big club. I want to win for me and for Colo Colo."