Shanghai SIPG announces Hulk transfer from Zenit

Brazilian soccer player Hulk gives a thumbs-up as he arrives to fans waiting at the airport in Shanghai Wednesday, June 29, 2016. Forward Hulk is expected to join Shanghai SIPG in a deal local media is predicting could be a record for the Chinese Super League. (Color China Photo via AP) CHINA OUT
AP

BEIJING (AP) Chinese Super League club Shanghai SIPG has signed Brazilian forward Hulk from Zenit St. Petersburg.

SIPG announced the signing on the social media service Weibo on Thursday.

The club did not disclose 30-year-old Hulk's transfer fee, but the $60 million fee reported by Russian media would set a new Asian transfer record, topping the $56 million Jiangsu Suning paid this year for Brazilian Alex Teixeira. Guangzhou Evergrande paid $47 million for Colombia's Jackson Martinez.

Large Chinese conglomerates have snapped up domestic clubs in recent years, giving them dramatically increased spending power. Chinese teams spent more than $300 million in the past year to recruit stars from the European leagues such as Ezequiel Lavezzi and Ramires.