Real Madrid says it has a deal to sign Malaga midfielder Francisco ''Isco'' Alarcon, one of Europe's most prized young players.
Madrid club president Florentino Perez told Spanish national radio ''we have a deal with the club and we have a deal with the player.''
Florentino says that Isco has to pass a routine medical exam and ''it's probable he will be presented next week.''
The 21-year-old Isco helped Malaga reach the Champions League quarterfinals last season and guided Spain to the under-21 European title this summer.
Madrid hired Carlo Ancelotti as manager on Wednesday to replace Jose Mourinho after he returned to Chelsea following a season without a major trophy.