The 20-year-old has signed a five-year contract, for a reported initial fee of £20.9 million ($27 million).
“I am so happy to be joining City,” Torres said in a statement released by the Premier League club. “Every player wants to be involved in attacking teams and Manchester City are one of the most attacking in world football.”
Guardiola is keen to strengthen his squad following the loss of their Premier League title to Liverpool — they have also agreed a £41 million fee for Bournemouth defender Nathan Ake.
We have followed Ferran’s progress closely and have been very impressed,” said director of football Txiki Begiristain.
Ferran has played 97 matches for Valencia and scored 9 goals.