Real Madrid have confirmed the signing of Isco from Malaga subject to a medical, in a deal worth a reported €27 million plus €3 million in add-ons.
The news had been widely expected following Madrid president Florentino Perez’s claim the previous evening that the transfer had been agreed, but will still come as a blow to Manchester City new coach Manuel Pellegrini, who had hoped to bring his former Malaga charge with him to Eastlands.
Confirmation that Madrid’s campaign – which included a series of public pronouncements from Perez, Alvaro Morata and Sergio Ramos – had seen off City’s interest broken via Madrid’s club site on Thursday morning.
“Real Madrid and Malaga have reached an agreement for the transfer of the player Francisco Roman Alarcon ‘Isco’, who will remain attached to the club for the next five seasons,” the short statement said. “He will pass his medical examination on Wednesday July 3, and will be presented at the Estadio Santiago Bernabeu.”
“Malaga Club de Futbol have reached an agreement for the transfer with Real Madrid of the player Francisco Alarcón Suárez ‘Isco’,” its statement said. “Malaga CF wants to thank Isco, and his family, for his impeccable commitment and behaviour as a malaguista, and for all the good moments he gifted to the blanquiazul fans. In the same way, the club wishes luck and a successful future to the player from Arroyo de la Miel.”
Source: ESPN Real Madrid Sign Isco by Sports Talk Florida