Real Madrid on Friday made official the signing of Spain Under-21 global, Dani Ceballos from Betis for a fee in the region of 16.5 million euros.
The 20-year-old Spaniard impressed for his country at the Under-21s European Championship, winning Player of the Tournament, and has signed a six-year deal with the La Liga champions.
Spanish media reported Real paid 16.5 million euros ($18.8 million) to acquire Ceballos, slightly more than his release clause.
He joins just days after James Rodriguez departed for Bayern Munich and will be presented as a Real Madrid player at the Santiago Bernabeu on Thursday before joining the club's pre-season tour of the United States. Since then there has been much talk and other clubs - including Barcelona, Atlético and Juventus - have all thrown their hats into the ring to sign the promising youngster.
Ceballos becomes Real's second signing of the summer, after Theo Hernandez joined from city rivals Atletico Madrid earlier this week for £25m.
The midfielder, very similar in style of play to Andres Iniesta joins Zinedine Zidane's side after agreeing a six-year contract.
His signing follows the departure of 2014 World Cup Golden Boot victor James Rodriguez, who joined Bayern Munich on loan earlier this week.