Waris, who signed for Lorient in the summer of 2015, had been keen to leave the club following their relegation to the French second-tier last year.
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Majeed Waris joins Portuguese side FC Porto
The 25-year old completed his move to the Portuguese giants from Lorient on Friday.
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He made 56 appearances for Lorient, scoring 20 goals.
Porto manager Sergio Conceicao is said to be a big fan of Waris and played a key role in the transfer.
Waris is expected to be drafted in Porto squad for Champions League knockout phase. The Portuguese giants are up against Liverpool in last 16 stage.
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Porto confirmed the news on their official twitter handle:
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