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UPDATE: Tottenham haven't said anything about this, but here is Olympic Lyon's release about Lloris.
After a summer of speculation, rumors that the deal was on and dead more times than anyone can remember and a day in London, Tottenham Hotspur finally have their goalkeeper. Spurs captured Hugo Lloris from Olympique Lyonnais, securing the goalkeeper position for a decade-plus.
DONE DEAL: Hugo Lloris is now a Tottenham player.
— FOX Soccer (@FOXSoccer) August 31, 2012
Lloris was rumored to be on the move for most of last week, but it looked like the deal was done last night when Lyon's president hit out at Daniel Levy for what he perceived to be deceiving negotiations. Then this morning, Lloris popped up in London and showed up at Spurs Lodge, ramping up the hype once again.
After arriving at Spurs Lodge, word leaked out that the clubs had agreed to a fee for Lloris, rumored to be £10 million. Lloris then spent more than an hour hammering out personal terms inside before leaving to undergo his medical. He returned to Spurs Lodge after his medical and finally word came out that the deal was done.
In Lloris, Spurs have France's number one goalkeeper and a 25-year-old goalkeeper at that. He is one of the world's finest netminders and his experience in Ligue 1 and internationally for France in the World Cup, Euros and qualifiers should maks his transition to the Premier League a piece of cake.
If Tony Parks is to be believed, Lloris will not be made Spurs' number one goalkeeper. That position still belong to Brad Friedel, but considering the outlay for Lloris and his quality, it's tough to imagine him not winning the number one shirt pretty quickly.
Spurs don't just have a fantastic starting goalkeeper now, they have tremendous depth. Friedel is as good of a backup as there is, Carlo Cudicini is a tremendous number three and Heurelho Gomes, who helped Tottenham to fourth place not too long ago, is the fourth string goalkeeper. That's absurd.
Oh, happy days.