Manchester City set to lose out to Real Madrid in race for Isco
Manchester City appear to have lost out in the race to sign Malaga playmaker Isco
Real Madrid president Florentino Perez has claimed the club have agreed a deal with Malaga to bring the 21-year-old to the Bernabeu.
Spanish newspaper AS quoted Perez telling Radio Nacional: "There is an agreement with the club and the player.
"He will be presented next week after the medical."
Reports in Spain suggest the fee will be in the region of €27 million.
Isco recently starred as Spain's Under-21 team retained the European Championship, scoring three times in their successful campaign in Israel.
The arrival of Carlo Ancelotti, who was yesterday unveiled as Real Madrid boss, appears to have accelerated the move. Ancelotti was asked about the former Valencia man yesterday at his press conference, saying:."From what I have seen of him, it's clear he has a lot of quality.
"Spain's Under-21 side has a lot of great players and he is one of the best.
"He could get into any team in the world, so he could also play for Madrid."
Isco would be Madrid's second acquisition of the summer after they re-signed full-back Dani Carvajal on a buy-back deal from Bayer Leverkusen.
Belfast Telegraph Digital