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Valencia have secured the loan signing of Real Madrid midfielder Sergio Canales, both clubs have announced on their respective websites.
Neither side have so far disclosed the length of Canales' contract with Valencia, but according to a report in AS, the player has agreed to move to the Mestalla on loan until the summer of 2013.
Valencia have secured a purchase option for Canales, believed to be worth €12 million. Real Madrid, meanwhile, will be allowed to re-sign the midfielder during the two-year period which follows the player's potential transfer to the Mestalla for a fee reportedly between €15m-18m.
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