Real Madrid are set to sign Portugal full-back Fabio Coentrao from Benfica for a fee of 27 million pounds.The deal is subject to the 23-year-old left-back passing a medical at the Santiago Bernabeu and agreeing personal terms with the Spanish giants.
Coentrao moved to Benfica from Rio Ave in 2007.
He earned a regular starting berth at Estadio da Luz in 2009 and won the Liga Sagres with the club in 2010, before impressing for Portugal during the FIFA World Cup in South Africa.
In other transfer news, Milan Jovanovic is one step closer to leaving Liverpool after the club told the Serbian he was free to search for a new home.
The 30-year-old winger failed to make an impact on Merseyside after joining on a free transfer in July 2010, making just 10 appearances since his arrival from Standard Liege.
A move to Greek giants Olympiakos now appears likely for Jovanovic, although German clubs Schalke and Stuttgart and Belgians Anderlecht and Club Brugge are also said to be interested.
“I got the paper from Liverpool that I am free to search for a new club,” Jovanovic said.
“Up to now, I still haven’t received an official offer from Olympiakos, but I am looking forward to hearing their plans.”
Meanwhile, Ajax have signed Iceland striker Kolbeinn Sigthorsson from Eredivisie rivals AZ Alkmaar on a four-year deal.
The 21-year-old, who has been capped four times by Iceland, scored 15 goals in the top flight last season after coming up through the youth ranks at Alkmaar.
Elsewhere, Lazio have signed Italy international goalkeeper Frederico Marchetti from fellow Serie A side Cagliari for a reported fee of five million euros.
Bosnia midfielder Hasan Salihamidzic has returned to the Bundesliga, joining Wolfsburg after four years in Serie A with Juventus.
Barcelona forward Pedro has agreed a one-year contract extension at the Camp Nou, tying him to the La Liga champions until 2016.
And France striker Sidney Govou has signed a two-year deal with newly promoted Ligue 1 outfit Evian.