Madrid: Real Madrid are on the verge of signing Fabio Coentrao from Benfica for a fee in the region of €22 million (£19.2m), according to Marca.
Madrid and Benfica have been locked in discussions for several days and a deal still seemed some way away earlier this week. However, both clubs now look to have finally reached an agreement over a valuation for the player.
The Portuguese club had initially set a €30m (£26.3m) asking price for the highly rated wing-back, a figure that forced Bayern Munich out of the running for his signature, but an offer of €22m (£19.2m) that could rise to €27m (£23.6m) depending on Madrid's results in the coming seasons appears to have been accepted.
The 23-year-old has yet to agree personal terms with Madrid, but the left-back has repeatedly stated that he has set his sights on a move to Santiago Bernabeu.
Coentrao will be the fourth signing of this summer for Madrid after the previous captures of Nuri Sahin, Hamit Altintop and Jose Callejon.
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