Italian giants Milan have confirmed the arrival of French full back Theo Hernández on a five-year contract from Real Madrid.
The 21-year-old only moved to the Santiago Bernabéu in a €24m move from city rivals Atletico Madrid in 2017, but was forced out on loan to Real Sociedad after failing to establish himself with Los Blancos.
With Florentino Pérez now looking to recoup as much money as possible following a €300m spending spree, Milan have confirmed the deal on their website. Their statement reads: "AC Milan announces the agreement with Real Madrid Club de Fùtbol for the definitive acquisition of the registration rights of Theo Bernard Franҫois Hernández (Theo Hernández).
"The French left-back joins the club on a permanent deal, penning a five-year contract until 30 June 2024. AC Milan has filed the contract and in the next 48 hours will complete the international transfer through the FIFA TMS system."
Real Madrid's famous Comunicado Oficial reads: "Real Madrid CF and AC Milan have agreed to the transfer of player Theo Hernández.
"The club thanks Theo for his work and professionalism during the time he has defended our shirt and wishes him good luck in his new stage."
It's understood that Hernández's switch to San Siro will set Milan back close to €20m, with the defender thought to have put pen to paper on a five-year contract with I Rossoneri.
The France Under-21 international becomes the second Hernández brother to ditch life in Madrid this summer, with older sibling Lucas moving to Germany from Atletico in a club-record deal for Bayern Munich.
While Hernández is technically Milan's first new face this summer, he has become their second permanent signing of the window after Franck Kessié's loan move from Atalanta turned full-time at the start of the month.
He's also become Real Madrid's fourth sale of the summer, joining Marcos Llorente (Atletico Madrid), Raúl de Tomás (S.L. Benfica) and Mateo Kovacic (Chelsea) out the door at the Santiago Bernabéu.
Now confirmed by both clubs, Hernández actually became a Milan player on Friday after his contract at San Siro was filed with the Lega Serie A.