Real Madrid Complete £20m Deal for Toni Kroos

Real Madrid have completed the signing of Bayern Munich star Toni Kroos after agreeing a £20m deal with the German Giants, reports in Spain claim.

Spanish newspaper Marca have been reporting in the last few weeks that the Champions League winners were in advanced talks to secure the 24-year-old star -- with Chelsea, Manchester United and Barcelona also monitoring the situation.

Both Kroos and his agent, Volker Struth, denied earlier this week reports claiming that his future will not be decided until after the World Cup.

"I cannot say anything yet. It has been talked about -- the interest from Manchester United, Chelsea, Barcelona or Real Madrid. I will take a decision after the World Cup and I will communicate it to everyone," said the player.

His agent added: "There is no agreement or Real Madrid or any other team. Toni is currently playing the World Cup, which is the main priority now. Before the end of the tournament there will be nothing new about his future."

However, Marca now claims the deal is indeed all but done – although it will not be made public until after the Brazil tournament as the player wants to remain focused on helping German.

According to the Spanish newspaper, Los Blancos secured cut-price €25m (£20m) taking advantage of the fact that Kroos has only one year left on his contract at the Allianz and this was Bayern's last chance to recoup a fee.

Marca added that Kroos will sign a five-year contract at the Santiago Bernabeu for €5m a year – even though some reports claimed Chelsea had offered him around €8.5m.

Barcelona had also reportedly approached the player to replace legend Xavi Hernandez while Manchester United have been monitoring his situation for a while before signing Ander Herrera.