Garay in, but who's out?

With the Bernabéu not yet cleaned of the many tons of confetti poured from the stands following Sunday night's celebrations, Real Madrid have been quick off the mark announcing a new signing. Ezequiel Garay, Racing de Santander's highly rated Argentine central defender, is set to join Real for a cool 10 million euros in cash. What is currently not clear is whether he will be joining the squad this season or the next; the reasons for this will probably become clearer as the summer progresses.

Real Madrid currently has a potential surfeit of players in the central defender role: Pepe, Metzelder, Cannavaro, Heinze (who also doubles up as left back) and Ramos when there's noone else. Buying a new, young player (Garay's 21) makes sense if you're thinking of easing out one of your veterans, or someone who's simply not working out. Of the five above, it looks like only Cannavaro and Metzelder fit the bill. The Ballon d'or and World Cup winning Italian captain has one more year left on his contract. Metzelder, on the other hand, has a further two years left to run on the contract he signed last summer, plus he's had a bad run of injuries this season which have prevented him from really showing whether he will fit into the squad.

So it looks like Real will either try to sell Cannavaro over the summer and try to recoup a portion of the 15 million euros spent on him, or else see out his contract and pick up Garay in 2009. For his part, Garay joined Racing de Santander for a measly 2 million euros in 2005 as a 19-year-old and has proved to be a regular starter for the Cantabrian club, scoring several goals per season. He has been capped once with the senior Argentina squad, in a friendly against Norway in August 2007.

Garay was the subject of transfer speculation earlier in the year, when clubs like Manchester United, Liverpool, Lyon and Tottenham reportedly interested in bidding for his services. It then looked like a done deal with Barcelona as Racing president Francisco Pernía claimed that "he would be really surprised" if Garay joined any other club over the summer. However, the 18 million euro price tag proved too rich for Barcelona and the deal collapsed. With Manchester United still in the hunt, it's somewhat surprising that Real have managed to close a deal for 10 million euros, although perhaps this has something to do with the fact that it's "cash in hand" rather than over several instalments.

The signing of Garay was recommended by both Pedja Mijatovic and Miguel Angel Portugal. Portugal has a much lower public profile than Mijatovic, but as much, or possibly even more influence at the club. He is also the former coach of Racing de Santander, which means he has first-hand knowledge of Garay's abilities. Jpx, calling Portugal's approach 'the art of silence', argues that it makes a refreshing change to see someone being signed for a reasonable price (given the market) and without all the speculation and fanfare that ussually accompanies these things. I couldn't agree more.