According to the network, the LaLiga side have paid Argentine outfit River Plate 20 million euro for his services on a 5-year deal.
Real Madrid have secured the signature of River Plate's Exequiel Palacios. This is the claim from capital based Telemadrid, who maintain that the concluded deal is worth 20 million and will see the midfielder move to the Santiago Bernabeu next summer on a five year contract.
The River Plate player has recently turned 20 years of age and is widely regarded as one of the brightest talents on the continent, already establishing himself as a full international with the "albiceleste". Palacios has participated in 27 Argentina Superliga and 9 Libertadores games it the River Plate shirt and secured his first team debut under Gallardo at the tender age of 16.
Exequiel Palacios' agent recently stated that he had no contact with Real Madrid but the latest Telemadrid revelation suggests that Real Madrid have secured a talented player and one on the wish list of clubs such as Atlético, Barcelona and Inter.