Xabi Alonso has joined German giants Bayern Munich on a yet undisclosed term of contract but what is likely to be a permanent deal. The transfer is believed to have been worth £5 million (approximately 6.3 million euros).
Statement on the Real Madrid website read:
Real Madrid C.F. and Bayern Munich have reached an agreement for the transfer of Xabi Alonso.
The player will speak to the media today (Friday) at 11:00h in the Santiago Bernabéu press room, alongside director of Institutional Relations, Emilio Butragueño.
He had travelled to Munich yesterday to complete his medical after agreeing to the deal in principle.