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Real Madrid announced they have won the race to sign Spain Under-21 international Isco from Malaga on a five-year deal.
Isco’s move to the Spanish giants makes him the club’s third of the summer after Dani Carvajal made his switch from Bayer Leverkusen and Casemiro completed a permanent deal.
A statement on the Madrid website confirmed the deal, which is thought to be around 27m euros, for the playmaker who will be presented on July 3 after completing his medical.
The future of the Spanish star has been a hot topic ever since the 2012/13 season finished, with Isco finally confirming last week that he was to make a decision on his future. On Wednesday, Madrid chairman Florentino Perez confirmed the club had agreed a deal.
Isco, who has been on international duty with the Spanish Under-21 side, had previously admitted that joining Madrid would be an “exciting option”.
The 21-year-old is Carlo Ancelotti’s first signing since he became the club’s manager after replacing Jose Mourinho earlier this week.
Isco showed his class in Spain’s title-winning Under-21 campaign and was heavily linked with a move to England, with Manchester City interested in signing the youngster.
The former Malaga man had admitted in recent weeks that the idea of following Manuel Pellegrini to City was appealing but the temptation to join Madrid appears to have been too much.