Real Madrid confirm capture of Coentrao

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Updated: July 5, 2011

Chelsea look set to miss out on the capture of Benfica left back Fabio Coentrao with the player set to move to Spanish giants Real Madrid.

The 23 year old is set to sign a five year with only personal terms left to be agreed.

Jose Mourinho has splashed out 30 million euro, the defender’s release price, to land the Portuguese international.

A statement released by the club confirmed the sale “Sport Lisboa e Benfica, in agreement with the terms of article 248 of the stock market values code, informs that it has reached an agreement in principle with Real Madrid FC for the complete transfer, total sporting and economic rights of the athlete Fabio Coentrao for the value of €30 million [£29.7m].”

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