The Giallorossi released a statement confirming the transfer was worth €22m with performance-based add-ons up to €2.5m.
The player has signed a five-year contract, terminating June 30 2019.
Iturbe underwent part of his medical this evening and will complete the necessary tests tomorrow morning.
The Argentine forward just turned 21 and Verona activated their €15m buy-out clause after he spent last season in Serie A on loan from Porto.
He scored eight goals in 33 games and provided five assists.
The €24.5m is considerably less than the €28-30m predicted by many sources.
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