This confirmation came after the Citizens' unforgettable 5-2 loss at home to Vardy and Co.

Pep Guardiola and Man City fans watched in horror as the Citizens' defense fell apart vs Leicester, losing 5-2 at home to Vardy and Co. in what is now a historic defeat. Fortunately for the Premier League giants, reinforcement is coming as a deal for a promising defender has been confirmed.

That man is none other than Rúben Dias, the highly-rated Benfica center-back. The Portuguese giants released an official statement following Man City's loss to the Foxes, announcing that the Portuguese defender has completed his move to the Etihad Stadium.

The 23-year-old does not come cheap as he has costed Guardiola's side an initial $79.3M, plus $4.2M in add-ons. In that statement from Benfica, the Eagles also confirmed that Nicolas Otamendi is headed in the opposite direction and that he will move to the Estádio da Luz for $17.5M.

The Citizens added Nathan Ake to their squad this summer, signing him from Bournemouth for $52M. However, the club remained in search for the perfect right-sided center-back to replace the iconic Vincent Kompany, who left Man City last year. Will Dias be the solution to this problem? Time will tell.

The Portuguese international is the latest name on Guardiola's growing spending list for defenders. When adding the 23-year-old's price to the list, Pep's expenditure rises to above a whopping $515M (£400M).