Denis Cheryshev has completed his move from Real Madrid to Valencia on a six-month loan deal.
The Russia international came through the ranks at the Bernabeu but has made only a handful of appearances for the senior team.
The 25-year-old has previously spent loan spells with Sevilla and Villarreal, and has now joined his fourth La Liga club after being brought in by Valencia boss Gary Neville.
Liverpool had been credited with an interest in the winger during January, although a move to another Spanish club was always thought to be a more likely switch.
Cheryshev will undergo a medical at the club tomorrow and could make his debut in the Copa del Rey semi-final first leg against Barcelona on Wednesday night.