The powerful 21-year-old striker joins from Fiorentina for an undisclosed fee, subject to a work permit, after passing a medical at City’s Carrington training ground.
Bojinov became the youngest overseas player ever to make his debut in Serie A when he played his first game for Lecce aged just 15 years and 11 months, having been recruited a year earlier after being spotted while playing in Bulgaria.
After bagging 16 goals for Lecce over the next couple of seasons, Bojinov moved to Fiorentina in January 2005, by which time he had already made his full international debut against Italy at the European Championships in Portugal.
He gained valuable experience after being loaned out to Juventus in July 2006, his goals helping the Turin giants back into the top flight of Italian football, but after a year at the Stadio delle Alpi he returned to Fiorentina, but now Sven-Goran Eriksson has moved to add the highly-rated young striker to his squad.
Commenting on the deal, City Chief Executive Alistair Mackintosh said: “Our signing of Valeri is another sign of the impact made by Dr Thaksin and Sven-Goran Eriksson. Valeri is an exciting young player and a great addition to the squad.”