Overview

• Real Madrid and Benfica have settled on a €50 million transfer fee for 22-year-old left-back Álvaro Carreras
• Manchester United holds an €18 million buyback option that must be formally declined to clear the way for the move
• Both clubs have agreed to spread the fee across installment payments instead of a single lump sum
• Carreras returns to Madrid after featuring in the club’s academy from 2017 to 2020 before spells at Manchester United and Benfica
• He would become Xabi Alonso’s third defensive signing this summer following Dean Huijsen and Trent Alexander-Arnold