Real Madrid to announce deal for Racing Santander's Garay

Racing Santander defender Ezequiel Garay is set to be announced as Real Madrid's first signing for the summer market.

Marca says the agreement has been locked away, with the young Argentina international set to put pen to paper on a six-year Real Madrid contract.

Real will pay an initial £7.5 million to Racing for Garay, which will rise to £8 million based on appearances and success. The defender is expected to gain a Spanish passport this summer.