Inter Milan will pay Galatasaray a €1.3 million fee for the season-long loan of Alex Telles. The Istanbul Giants released a statement to the Istanbul stock exchange with the financial details of the transfer.

According to the statement, Inter will pay Galatasaray €1.3 million to loan Alex Telles and will pay a further €250,000 if Inter qualify for the UEFA Champions League.

The Serie A side also have the option to sign Telles at the end of the season for €8.5 million.

The Daily Star reported that the Lions turned down a £5 million offer from Chelsea for the Brazilian full-back.

Telles provided a total of two goals and three assists in 56 games for the Lions over the 2014-15 campaign and already has an assist this season.

The Brazilian joined the Lions on a £4.3 million move from Gremio in 2013 and still has another three-years left on his contract with the Istanbul giants.

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