Diamanti, capped 17 times by Italy, will join Evergrande in Spain, where the club is undergoing pre-season training, once he completes his medical.
Guangzhou became the first Chinese side to win Asia's premier club tournament last season when they edged FC Seoul on away goals. They also won the domestic Chinese Super League for a third straight season.
(Writing by Sudipto Ganguly; Editing by John O'Brien)
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