Real Madrid have confirmed the signing of David Alaba from Bayern Munich on a five-year contract.
According to Sky in Germany, the deal with Real will earn the 28-year-old around £10.5m per year following the expiration of his Bayern contract.
Alaba had been at Bayern since 2008 but turned down multiple offers to extend his contract, including a €15m-a-year deal, but talks ceased in November.
He enjoyed a prolific 13 years in Bavaria, winning 10 Bundesliga titles, two Champions Leagues and six German Cups.
The Austria international had also been attracting interest from Premier League sides, including Liverpool and Manchester City.
City tried to lure Alaba to Manchester last summer and had hoped to include him as part of the deal which saw Leroy Sane move to Munich.
Inter Milan, Paris Saint-Germain and Juventus were also understood to be keen on signing the defender.