Real Madrid have clinched an agreement for Malaga attacker Hugo Vallejo.

The 19 year-old has agreed personal terms with Real to 2023 and a fee has also been settled between the two clubs.

Vallejo was coming off contract at Malaga at the end of the season and he had refused to consider talks over a new deal. Rather than allow him to leave for free, Malaga agreed to sell this week.

However, Vallejo won't be immediately joining Real Madrid, instead he'll spend the remainder of the season on-loan with Segunda Division Deportivo La Coruna.

The midfielder is a Spain U19 international.