Real Madrid have pipped Manchester City to the signing of Spanish U21 star Isco.

The Malaga attacking midfielder has moved to the Bernabeu for a fee of about €30 million, snubbing City who are now managed by his most recent manager, Manuel Pellegrini.

Speculation had mounted that Isco would choose Madrid and on Twitter, Real posted the following message: "Isco, new Real Madrid player". 

Isco, nuevo jugador del Real Madrid http://t.co/AEZeMsFkRj #realmadrid

— Real Madrid C. F. (@realmadrid) June 27, 2013

Shortly after the club tweeted the following welcome message: 

#WelcomeIsco pic.twitter.com/QhTkZw8OKk

— Real Madrid C. F. (@realmadrid) June 27, 2013

The 21-year-old garnered plaudits for his performances last season and for his starring role as Spain won the European U21 Championship.