A short statement on Shakhtar's official website read: "Shakhtar Donetsk and Jiangsu Suning FC have agreed on all the necessary formalities for the transfer of Alex Teixeira to the Chinese club. Transfer fee for the Brazilian midfielder is €50m.
"Shakhtar thank Alex for the time spent in the team and wish him success at his new club."
As recently as Wednesday, Shakhtar boss Mircea Lucescu had denied reports that Teixeira would move to China and would stay with the Ukraine club for the rest of the season.
The €50m fee is reportedly a record paid for a player by any Asian club, breaking the mark set on Tuesday when Guangzhou Evergrande signed striker Jackson Martinez from Atletico Madrid for €42m.
Fredy Guarin and Gervinho have also moved to China in the winter transfer window.
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