Isco agrees move to Real Madrid

Real Madrid have reached an agreement with Malaga to sign Isco on a five-year deal, for a reported fee of £23m. Manchester City were also pursuing the midfielder, 21, with new manager Manuel Pellegrini hoping to lure him to England having been his boss at Malaga. Isco, who recently won the Under-21 European Championship with Spain, is due to have a medical on 3 July before being presented at the Bernabeu. He becomes new Real manager Carlo Ancelotti's first signing. Isco was signed by Pellrini from Valencia in 2011 and had suggested he wanted to play under him again next season, calling his former boss a "footballing father".