Real Madrid have beaten Barcelona to the signing of Japanese teenager Takefusa Kubo, who has joined the club from FC Tokyo for a reported fee in the region of €2 million (£1.8 million).
Los Blancos announced the youngster's arrival via the club's official website.
ESPN FC's Dermot Corrigan referred to the interest shown by rivals Barca and Paris Saint-Germain and provided details of the transfer:
Dermot CorriganNo details of fee or contract in Madrid's Kubo statement, but Marca this morn said Madrid are to pay €2 million to FC Tokyo, and have offered a five year contract paying €1 million per annum, terms which neither Barca nor Paris Saint Germain were willing to match.