Norwich City have announced a partnership with famous Hungarian club Ferencváros which is poised to explore future football and commercial opportunities for both clubs.

Ferencváros chief executive officer Pál Orosz concluded the tie-up with the Canaries after visiting Carrow Road for Sunday's Premier League 1-0 win over Tottenham. Norwich executives plan to make a return visit to Budapest, where Ferencváros are in the process of building an impressive new stadium.

'We're delighted to announce this partnership with Ferencváros,' chief executive David McNally told the club's official site on Tuesday afternoon. 'It gives us the opportunity to share ideas and commercial opportunities to our mutual benefit and we're very much looking forward to working with them in the future.'

Ferencváros are Hungary's most successful professional football club having won their domestic title 28 times. They also won the Fairs Cup – now the Europa League - in 1965 by beating Juventus.

The Canaries have played them once before in a friendly at Carrow Road in 1990, with goals from Robert Fleck and Adrian Pennock securing a 2-0 win. The 'Green Eagles' are currently managed by German Thomas Doll, former boss of HSV and Borussia Dortmund, but were coached by Englishmen Bobby Davison and Craig Short between 2008 and 2010.