Swans and Spurs tie up deals
Swansea have confirmed the signing of Gylfi Sigurdsson from Tottenham and the sale of Ben Davies and Michel Vorm to the north London club for undisclosed fees.
Sigurdsson returns to Swansea where he enjoyed a successful loan spell in 2012, scoring seven goals in 18 top-flight appearances.
Davies, 21, has signed a five-year contract at White Hart Lane while 30-year-old Vorm has penned a four-year deal.
Sigurdsson joined Spurs from Hoffenheim in July 2012 but struggled to establish himself in the starting side.
The Iceland midfielder has signed a four-year contract and becomes Swansea's fifth signing of the summer following moves for Bafetimbi Gomis, Marvin Emnes, Lukasz Fabianski and Stephen Kingsley.
For Tottenham, Davies and Vorm are the club's only arrivals of the window so far and Mauricio Pochettino's first acquisitions since taking charge.
Davies earned a professional contract with Swansea in 2011 and has impressed in the first team, winning the club's Young Player of the Year award for the past two seasons.
Tottenham had to fight off competition from Liverpool to land the young full-back, who has also earned 10 caps for Wales.
Davies' arrival brings into question the future of Danny Rose, who said at the start of last season he would not be happy sitting on the bench at White Hart Lane.