The 29-year-old goalkeeper replaces Japer Cillessen, who moved the other way on Wednesday, and will be back up to first choice Marc-Andre ter Stegen.
Neto has signed a four-year deal at the club and has a release clause of €200 million.
The Brazilian has spent the last two seasons at Valencia after arriving from Juventus and enjoyed a pretty strong campaign last time out.
2- Neto Murara posted the second highest save percentage in LaLiga last season, saving 75.9% of the shots he faced (min. 30 games played) after Atletico’s Jan Oblak (79.4%). Signing. pic.twitter.com/Z9huKtumYt— OptaJose (@OptaJose) June 27, 2019
However, there have been rumors he’s fallen out with coach Marcelino, which might help explain why he’s willing to give up a starting spot at Valencia for a place on the bench at Barcelona.