The transfer saga of the summer is finally over - Real Madrid and Tottenham Hotspur finally announce the completion of Gareth Bale's transfer from the Premier League side to the Liga giants.
Madrid announced on social media that they had reached an agreement with Spurs for the transfer of the player to the Santiago Bernabeu.
Bale will be a Madrid employee for the next six years and was presented to the Real Madrid fans packed into the Bernabeu on Monday afternoon.
However, the transfer fee remains unclear as it has not been revealed yet. There had been rumours recently that Madrid will not be breaking the transfer record in order to keep their star player Cristiano Ronaldo happy at the club.
Bale has already reached personal terms with Madrid, with reports indicating the player is set to take home a cool €10 million per season.
The 24-year-old , who had joined Spurs in a £10 million deal from Southampton in 2007, was named player of the year by both the Professional Footballers' Association and Football Writers last season after scoring 26 goals for the White Hart Lane side.
Madrid had submitted two bids for the Welshman - one of £86 million to be paid in four instalments and another of £70 million which would be a one-off payment.
Bale who had been dying for the move to take place all summer thanked his former club and its fans's in a statement.
"I am not sure there is ever a good time to leave a club where I felt settled and was playing the best football of my career to date," he said.
"I know many players talk of their desire to join the club of their boyhood dreams, but I can honestly say, this is my dream come true.
"I am well aware that I would not be at the level I am today were it not for firstly Southampton and then Spurs standing by me during some of the tougher times and affording me the environment and support they have.
"Tottenham will always be in my heart and I'm sure that this season will be a successful one for them. I am now looking forward to the next exciting chapter in my life, playing football for Real Madrid."