OFFICIAL: Pedro joins Lazio from AS Roma on a free transfer

Pedro joins Lazio from AS Roma on a free transfer

The forward makes the rare switch after Roma released him for free, according to Gazzetta.

His contract with the Giallorossi wasn't set to expire until 2023 but the 34-year-old has agreed a two-year deal worth €2m (£1.7m) a year with Lazio.

The exchange is one of convenience for both clubs, in particular for Roma who will save considerably in the wake of Pedro's exit.

Roma are in need of balancing their books after becoming burgeoned with debt and the former Chelsea striker would have cost the Giallorossi another £6.8million over the next two seasons.

Pedro also waived his month's wages owed by Roma for August.

The Giallorossi were unwilling to sell or loan Pedro abroad as they would lose tax breaks with the cost potentially amounting to €3.5m (almost £3m).

The low-cost transfer also works in Lazio's favour as the Biancocelesti haven't been able to register new players unless President Claudio Lotito pumps £8.5m into the club.

The Spaniard only joined Roma last summer after his Chelsea contract expired but has been deemed surplus to requirements since Mourinho's arrival at the Stadio Olimpico.

Pedro had been a regular starter under Paulo Fonseca, making 40 appearances in all competitions, registering six goals and seven assists.