Espanyol had to see off late interest from Newcastle United to land Getafe striker Juan Albin.
The Uruguay international, once a target for AC Milan, had offers from Toon and Espanyol, but chose to remain in Spain.
Albin moves to Espanyol along with fellow countryman Adrian Luna. The Under-21 midfielder arrives from Defensor Sporting Club.
Espanyol confirmed the arrival of the Uruguayan duo, who both penned five-year deals.
"The Uruguayans Juan Albin and Adrian Luna have become Espanyol players for the next five seasons after agreements were reached with Getafe and Sporting Club respectively," read a statement on the Espanyol website.