Ighalo suffered relegation with Changchun Yatai last season despite scoring 22 goals for the club.
The 29-year-old is expected to partner with former Super Eagles striker, Obafemi Martins at Shanghai Shenhua.
“Shanghai Greenland Shenhua Football Club and Changchun Yatai Football Club reached a transfer agreement, Nigerian striker Odion Ighalo officially joined Shanghai Greenland Shenhua,” read a statement on Shanghai Shenhua’s official website on Thursday.
The former Watford of England striker is set to make his debut for Shanghai Shenhua against Shanghai SIPG when the Chinese Super League, CSL, resumes on March 1.
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