The main hold-up to negotiations came from Madrid’s desire to avoid triggering Carreras’s release clause, which stands at €50 million ($58.5 million) and would have to be paid up front in one lump sum. While Madrid have failed to negotiate a discount, they have at least secured a favorable payment plan.

The left-back originally represented Madrid's academy before joining Manchester United as a youth-team player.

Real Madrid is on the verge of closing a new signing for its defense after yesterday's debacle in the Club World Cup.According to an exclusive revelation by transfer specialist journalist Fabrizio

Former Real Madrid star Gareth Bale has backed new head coach Xabi Alonso to make "big changes" at the club, saying that he won't be afraid to drop anyone.

Real Madrid head coach Xabi Alonso has received the backing of Paris Saint-Germain counterpart Luis Enrique, following the clash between the two tacticians at the Club World Cup.Real and PSG, of

Paris Saint-Germain faced Real Madrid in the semi-finals of the Club World Cup on Wednesday (4-0, video highlights PSG/Real Madrid). After the match, Paris Saint-Germain coach Luis Enrique spoke to PSG TV about his side’s stunning victory.