"Ishak Belfodil has ... signed a five-year contract that will keep him at the club until 2018," the 2010 European champions said on their website.
The French-Algerian forward exchanged places with Antonio Cassano and put pen to paper on a five-year contract worth €1m per season (£860,500).
“I had a deal some time ago, but Parma were also involved in the negotiations, so it took a little more time,” explained Belfodil.
“I am very happy to be at a top club and I’m ready to do well. I haven’t spoken to coach Walter Mazzarri yet because we’ll see each other at the start of training on Monday.”
“At the start we were not convinced by the idea of co-ownership between Parma and Inter, but we thought about it and accepted this option,” added agent George Atangana.
“Will Belfodil prove to be the new Benzema? He’ll prove himself to be Belfodil.”
The 21-year-old scored eight goals in 34 league appearances last season.
Inter finished ninth in Serie A after a poor second half of the campaign during which they suffered a rash of injuries.
Read the original article on FootballItalia