Real Madrid have announced the signing of Espanyol winger Jose Maria Callejon. The 24-year-old Callejon has agreed to a five-year contact with Madrid.

The midfielder came up through Real Madrid's youth ranks before moving to Espanyol in 2008 without making a first-team appearance for the Bernabeu outfit. Real said he arrived at Espanyol "as a striker, but adapted to the winger position down either side thanks to his versatility, speed and dribbling skills.

"Three years after leaving Real Madrid, and having earned the experience and maturity required, Jose Callejon returns to the club that formed him as a player to work under Jose Mourinho," Real Madrid added on their website.

Callejon becomes Madrid's third new signing in the last few weeks, following on from Turkish international duo Nuri Sahin and Hamit Altintop.

Borussia Dortmund playmaker Sahin, 22, agreed to a six-year deal with the Spanish giants while the 28-year-old Altintop moves to Madrid on a four-year deal after leaving Bayern Munich.

In the recently-completed season - their first under Jose Mourinho - Madrid won the Copa del Rey, finished runners-up to Barcelona in La Liga, and were knocked out of the UEFA Champions League semi-finals by the Catalan club.