Chinese Super League club Guangzhou Evergrande have signed Atletico Madrid striker Jackson Martinez for 42m euros (£31.8m).
The Colombian will join up with his new squad when they resume winter training in Dubai on February 9, after completing a medical.
"We firmly believe that the addition of international football star Jackson Martinez will strengthen our attack, providing more exciting performances for everyone," the club said in a statement.
The purchase of Martinez, who only joined Atletico seven months ago in a 35m euro transfer from Porto, represents another major acquisition in Chinese football and breaks the record set when Jiangsu Suning bought Ramires from Chelsea for 36m euros last month.
Guangzhou already have Brazilian internationals Paulinho and Robinho on their books, while Demba Ba is at Shanghai Shenhua.
The transfer window is open in China until February 26.