Benfica, on the other hand, has announced the arrival of Rafael Obrador, who joins the club from Real Madrid in a separate deal worth around five million euros. This move highlights the ongoing transfer activity between the two clubs.

Alvaro Carreras, a 22-year-old left-back, was under contract with Benfica until 2029. His market value is estimated at 34.3 million euros by a reputable sports website. Last season, he played 52 games for Benfica, who finished as runners-up in the Portuguese league.

Real Madrid will formally present Alvaro Carreras tomorrow at noon at the Ciudad Real Madrid. The club's president, Florentino Perez, will meet the left-back to sign his contract, which is valid for six seasons, before a press conference at the same venue.