Real Madrid and Manchester United have finalised an agreement for the £80m ($131.6m or €93.9m) transfer of Cristiano Ronaldo to the Spanish club.
A statement on Madrid's website on Friday read:
"Real Madrid and Manchester United have signed a final agreement for the transfer of the rights of Cristiano Ronaldo from July 1. The player will be tied to Real Madrid for the next six seasons and will be presented on July 6 at the Santiago Bernabeu."
The Portugal superstar came close to joining Madrid last summer before Sir Alex Ferguson convinced him to stay at Old Trafford. But Ramon Calderon, who was president of Madrid at the time, claimed this month a "gentleman's agreement" existed over the signing before he left the Spanish giants in January.
Nevertheless, Ronaldo becomes the latest signing in Florentino Perez's Madrid revolution. Having already brought Kaka and Raul Albiol to Madrid, the spanish giants can't seem to stop splashing money.
Meanwhile in Manchester, Sir Alex is troubled since two of his prime players have left this season and he is yet to sign a single player. Already linked with Benzema, Aguero, Huntelaar and Ribery United have failed to land a single player to replace Ronaldo and Tevez.