MX23RW : Thursday, December 19 12:54:54| >> :60:691:691:

Real Madrid reach agreement to re-sign Lucas Vazquez

Lucas Vazquez will rejoin Real Madrid this summer, according to Espanyol president Joan Collet.

Espanyol president Joan Collet has revealed that his club have agreed to sell Lucas Vazquez back to Real Madrid.

Speculation earlier today claimed that Los Blancos were eager to re-sign the 23-year-old, who left the Bernabeu 12 months ago.

When asked about those reports at a press conference this afternoon, Collet conceded that a deal has been reached for the winger to become a part of Rafael Benitez's squad.

"We received communication from Real Madrid two or three weeks ago and we told them that we were going to execute the option to buy, but Real Madrid made us an offer. We have reached an agreement," he said.

"We will keep 25% of his rights. For the coach, naturally he is upset but we've talked to the sporting director who is looking at the options."

It is believed that Madrid will pay their Catalan counterparts £1m.

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Lucas Vazquez of Espanyolduring the Copa del Rey Semi-Final first leg match between Athletic Club and RCD Espanyol at San Mames Stadium on February 11, 2015
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