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According to TyC Sports, and has since been reported by Jose Luis Sanchez, Marca, and AS, Real Madrid will secure the services of 20 year old Argentinian central midfielder for €20 million. The move will be finalized in January, but the player will remain on loan to River Plate until July of 2019.
Both Barcelona and Atletico Madrid were reportedly interested in Palacios, who just turned 20 this past October. He made his professional debut at 16 years old and has already been called up to the full Argentinian National team. He made appearances against Guatemala and Colombia over the last international break.
Despite the poor start to the season, Madrid continue to rely on their policy of bringing in the best young talent from all around the world. How they manage this talent will be crucial to the success of both the club and the players in the next five to ten years.