Villarreal have announced the signing of Ecuador international Jefferson Montero.
In March, the 19-year-old midfielder claimed he was poised to join Primera Division champions Real Madrid.
However, Manuel Pellegrini's Yellow Submarines revealed the capture of Montero's signature on their official website on Monday.
A statement read: "He is one of the big hopes of Ecuadorean football."
Montero has put pen-to-paper on a five-year deal with Villarreal, who already boast a number of South American-born players in their squad.
The teenager has previously played for Ecuadorian sides Club Sport Emelec and Independiente Jose Teran, and Mexican club Dorados de Sinaloa.