MADRID, July 5 -- Real Madrid this Tuesday confirmed the signing of left back Fabio Coentrao from Portuguese side Benfica.

Coentrao, whom Madrid have been tracking for several months, has agreed a six-year contract and moves to Spain in a deal that is worth around 30 million Euros.

Real Madrid will pay Benfica 20 million Euros in cash, while the remaining 10 million will be made up by the transfer of Argentinean central defender Ezequiel Garay to the Portuguese club.

Sporting Braga's Lima (L) fights for the ball with Benfica's Fabio Coentrao during the second leg of their Europa League semi-final soccer match in Braga, May 5, 2011

Real Madrid confirmed the signing on Tuesday afternoon with a press release which read, "Real Madrid and Benfica have reached agreement for the transfer of the Portuguese player, Fabio Coentrao, who will now remain with the club for six seasons."

Coentrao had earlier completed a routine medical check up with the club and he becomes Real Madrid's fifth signing of the summer following the arrivals of Turkish duo, Nuri Sahin and Hamit Altintop, former Espanol winger Jose Callejon and young defender Rafael Varene.

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