Real Madrid have announced the signing of Real Sociedad midfielder Asier Illarramendi on a six-year deal after the Spanish giants met his release clause of €38.9m.
"Real Madrid have signed Asier Illarramendi, who will be linked to the club for the next six seasons," a club statement read.
Illarramendi was a member of the U-21 Spain side which has just lifted the European Championships and is a product of the Basque side's fabled production line of talent.
Sociedad chairman Jokin Aperribay revealed Real had met the release clause figure. "It was not an easy decision" to let the midfielder leave, Aperribay said.
But the chairman conceded the move gave the 23-year-old "a unique opportunity" to stake his claim to a starting berth and stardom at the Santiago Bernabeu stadium.