Real Madrid loan midfielder Canales to Valencia

Real Madrid has loaned talented midfielder Sergio Canales to

Spanish rival Valencia for the upcoming season.

Canales, who is playing for Spain at the Under-20 World Cup, was

limited to 15 appearances under coach Jose Mourinho after joining

from Racing Santander before the start of last season in a ?5

million ($7.2 million) deal.

Both clubs say on their respective websites the agreement

includes a buy-out option. Other financial terms were not

released.

Canales says Valencia is where he ”wants to play – it’s a very

important step that allows me to keep competing with football’s

elite.”

The move ensures the 20-year-old plays Champions League football

as Valencia qualified for the group stages thanks to its

third-place finish last season.