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Real Madrid have €500m to spend in the summer – Capello

Fabio Capello has revealed that Real Madrid have a staggering €500 million (£430m/$560m) to spend in the upcoming summer transfer window.

The retired tactician managed Los Blancos twice, in the 1996-97 and 2006-07 seasons, winning La Liga on both occasions.

The Italian now works as a pundit and divulged that he had been reliably informed of Real Madrid's hefty transfer budget to work with this summer.

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“I was in Barcelona and I was told that this year Real Madrid have €500m to spend," Capello said to Sky Sports Italy.