Real Madrid reached a deal to sign Álvaro Carreras from Benfica on Monday, bringing back the young left back who came through the Spanish club's youth squads. Madrid said the 22-year-old Carreras is arriving on a six-year contract.

Real Madrid signed defender Alvaro Carreras from Benfica on a six-year deal, the Spanish giants said on Monday."Real Madrid and Benfica have reached an agreement for the transfer of Alvaro Carreras, who will be under contract with our club for the next six seasons,

The Spain youth international has spent time at Manchester United, Preston North End, Grenada and Benfica since he was last at Madrid.

Chelsea were recently punished by UEFA with a $36m fine for breaching financial rules, while they have also already spent over £100m this summer on Joao Pedro, Jamie Gittens and Liam Delap. More arrivals are expected, with Manchester United’s Alejandro Garnacho a long-term consideration.

Chelsea midfielder Cole Palmer earned the Golden Ball as the top player at the Club World Cup after scoring three goals, including two in the 3-0 win over Paris Saint-Germain in the final.

After a dominant run to the Club World Cup final, PSG looked like a shell of itself as Chelsea claimed the victory with a 3-0 rout. Cole Palmer opened the scoring for the Premier League side in the 22nd minute with a tucked finish to the bottom left corner, out of the reach of PSG goalie Gianluigi Donnarumma.