The Chinese transfer record has been broken for the third time in 10 days after Jiangsu Suning spent £38.4m on Alex Teixeira, according to a BBC report.
The Brazil midfielder had been a target for Premier League side Liverpool but has become the Chinese Super League’s latest high-profile recruit.
Ex-Chelsea midfielder Ramires was signed by Jiangsu Suning for £25m.
That was followed by Jackson Martinez’s £31m move to Guangzhou Evergrande Taobao from Atletico Madrid.
The total outlay on those three players is just over £94m (122m euros).