Villarreal have agreed a deal to sign former Spain Under-21 goalkeeper Sergio Asenjo on a season-long loan from Atletico Madrid with an option to make the move permanent.
Atletico won the race to sign the highly-rated Asenjo from Real Valladolid in 2009 but he has found opportunities limited at the Vicente Calderon, where David de Gea and Thibaut Courtois have been first-choice goalkeepers during his time at the club.
The 24-year-old, who suffered a serious knee injury while at Atletico, spent the 2010/11 season on loan at Malaga and he is now heading to El Madrigal for a similar stint with promoted Villarreal.
A statement on Villarreal's website read: "Villarreal, subject to the signing of the contract, have reached an agreement with Atletico Madrid for goalkeeper Sergio Asenjo, who will play on loan for the 2013/14 season at the Yellow Submarine. Also, Villarreal, have the option to buy the goalkeeper at the end of the loan period."