MADRID - Barcelona have agreed to sign Chile forward Alexis Sanchez from Udinese on a five-year contract, the La Liga club said on Thursday.

"Udinese and FC Barcelona have reached a final agreement for the transfer of Alexis Sanchez," the Spanish and European champions said on their website (www.fcbarcelona.cat).

Barca will pay 26 million euros ($36.9 million) plus 11.5 million in variables and the player will sign his contract after completing a medical on Monday, the club said.