Manchester City sign Real Madrid youngster

Manchester City have completed the signing of young Real Madrid striker Jose Angel Pozo, according to Sky Sports News.

Pozo, who reportedly turned down offers from Arsenal and Liverpool, will not join City until March when he celebrates his 16th birthday.

City have agreed to pay Los Blancos £200,000 in compensation, a figure that could rise to around £5m depending on appearances.

However, it is also believed that the deal includes a clause which will allow Madrid to buy back Pozo in 2014 and 2015 for a set amount.