Argentina's former Manchester United and Manchester City striker Carlos Tevez has signed for Shanghai Shenhua in the latest big-money Chinese deal, the club said Thursday.

The acquisition of the 32-year-old from Buenos Aires side Boca Juniors will "greatly enhance" the team's front line, Shenhua said on a verified social media account.

"The club looks forward to Tevez helping Greenland Shenhua attack cities and strike stockades in Asian and domestic matches and contribute to more exciting games for fans," it said.

It did not put a value on the transaction, but Argentine media previously reported Tevez would make US$84 million over two years under the contract -- 20 times his previous earnings.

Tevez will join the rest of the squad, who are on the Japanese island of Okinawa, after passing a medical, according to Shenhua. The side are coached by former Uruguay international Gus Poyet.

The move makes Tevez the latest international name, many of them South American, lured to Chinese football for eye-watering sums of money.

Crosstown rivals Shanghai SIPG, coached by former Tottenham Hotspur manager Andre Villas-Boas, last week agreed a reported £60 million deal (US$73 million) for Chelsea's 25-year-old Brazilian midfielder Oscar.