Bayer Leverkusen have completed the signing of reported Arsenal and Chelsea target Charles Aranguiz from Brazilian side Internacional.

The 26-year-old Chilean midfielder cost Leverkusen in the region of £8.4M, and has 40 international caps, catching the eye of several of Europe’s top clubs during this summer’s Copa America.

Leverkusen CEO Michael Schade confirmed in a statement that he thought a deal for Aranguiz was dead and buried, but is relieved to finally get his man.

We worked towards this deal for a long time, which did not become any easier after his outstanding performances both at the Copa as well as with his club,” Schade said in a statement.

At one stage we had even written the deal off. It also makes it that much better that we managed to beat a strong international competition.

Aranguiz then spoke of his delight at finally moving to one of Europe’s biggest leagues.

The Bundesliga is one of the most attractive leagues in the world and Leverkusen are one of the top teams here for years,” said Aranguiz.

My national team colleague Arturo Vidal (who joined Bayern Munich) was impressed by Leverkusen, so I really wanted to come here. Plus I have the chance to play in the Champions League.