Manchester City have signed Bulgarian winger Martin Petrov for £4.7m from Atletico Madrid.
Petrov is Eriksson's fourth signing for City
The 28-year-old has agreed a three-year contract and passed a medical, although the move is subject to a work permit.
Petrov was strongly linked with a move to Tottenham, but City boss Sven-Goran Eriksson has made the Bulgarian his fourth new signing.
"Having Sven as manager proved to be a major factor in the player's decision," said City chief Alistair Mackintosh.
"Unsurprisingly given the calibre of the player, there were a significant number of clubs competing for Martin's signature, and I am absolutely delighted that he has come to Manchester City."
Petrov, a left winger, began his career at CSKA Sofia and enjoyed spells at Swiss club Servette and Wolfsburg in Germany before signing for Atletico in 2005.
However, the Spanish club have opted to cash in on Petrov after agreeing a £13.4m deal with Benfica for winger Simao Sabrosa.
Petrov, who has made more than 60 appearances for Bulgaria, and fellow new signing Geovanni were presented to the media on Thursday.
Eriksson said: "I'm sure that a lot of clubs wanted both of them, and I'm very happy we were able to get them. They will do very well for us, I'm sure about that.
"They are experienced, and it's important that we don't just buy players around 19 or 20 years old.
I don't think we are finished signing
Man City boss Sven-Goran Eriksson
"In the Premier League you need class and experience, and these two are top class players.
"Technically they are very good, Geovanni can play on the right or as a second striker, and Martin's left foot is very, very good."
Eriksson also said he is planning more signings before the transfer window closes on 31 August.
"I don't think we are finished signing, there will be more new faces coming in different positions," he said.
"The new owner has shown he means serious business when he says that he wants to build a strong team which is not fighting at the bottom of the table. This is one way in which he has shown that."