Real Madrid have signed David Alaba from Bayern Munich on a five-year contract.
Sky in Germany reports the deal with Real that will earn him around £10.5m per year following the expiration of his Bayern contract.
Real Madrid confirmed the signing on Friday evening and said Alaba would be unveiled after Euro 2020.
Alaba had been at Bayern since 2008 but turned down multiple offers to extend his contract, including a €15m-a-year deal, but talks ceased in November.
He enjoyed a prolific 13 years in Bavaria, winning 10 Bundesliga titles, two Champions Leagues and six German Cups.
The Austria international had also been attracting interest from Premier League sides, including Liverpool and Manchester City.
City tried to lure Alaba to Manchester last summer and had hoped to include him as part of the deal which saw Leroy Sane move to Munich.
Inter Milan, Paris Saint-Germain and Juventus were also understood to be keen on signing the 28-year-old.
Antonio Conte is being considered as Zinedine Zidane’s successor at Real Madrid after they missed out on first-choice Max Allegri, according to Sky in Italy.
After Zinedine Zidane stepped down from the Bernabeu for a second time this week, the Spanish giants had been hoping to appoint long-term target Allegri – but he is set for a sensational return to Juventus to replace Andrea Pirlo, who was sacked on Friday.
They have now turned to Conte, who is a free agent after parting company with Inter Milan on Wednesday despite leading them to the Serie A title, due to the club’s need to make significant financial cuts.
Conte is a prolific title-winner with Juventus himself, as well as Chelsea and now Inter.
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