The striker will join the Premier League side at the start of next season after agreeing the move.
Norwich manager Chris Hughton said: “Ricky’s profile is a perfect fit for us. He’s young, ambitious and a proven goalscorer.
“He has an excellent goalscoring pedigree and he’s a young man very keen to continue his personal progression and to play in England. He’s already an exciting talent but he still has more development as a player ahead of him.
“I’m delighted we’ve been able to agree a deal with Sporting Lisbon and with Ricky and we look forward to welcoming him to the squad in July, once all of the paperwork gets sorted out.”
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?