Manchester City have agreed an £11million deal with sister club Girona for Pedro Porro, with the teenage defender set to be immediately loaned out to Reyo Valladolid.
Porro, 19, is a Spanish Under-21 international who has been attracting interest from Watford and Sevilla.
He joined Girona from Rayo Vallecano two years ago when he was being tracked by Real Madrid , Atletico Madrid and Bayern Munich.
City believe the right-back has a promising future and have sent him to Rayo in a deal that will provide funds for Girona to do some business in the transfer market following their relegation from La Liga.
