PSV Eindhoven have completed the signing of Malmo's Swedish forward Ola Toivonen.
It is believed that the deal will cost the reigning Eredivisie champions around 3.6million euros (£3.2m).
The 22-year-old has penned a three-and-a-half year contract with the Dutch giants, keeping him at the club until at least the summer of 2012.
The agreement also includes the option for a further two-year extension should both sides wish to extend their partnership.
PSV are delighted to have secured the services of one of Scandinavia's most promising youngsters, with coach Huub Stevens of the opinion that Toivonen will prove to be a shrewd acquisition.
"He is a good addition to our squad," he told the club's official website.
"He is a talented player with a lot of qualities. I am very happy with his signing."