Granada chief Juan Carlos Cordero admits Guilherme Siqueira was on his way to Real Madrid in August.
Siqueira is currently on-loan at Benfica.
"For half an hour there was a contract signed with Real Madrid that was not posted because it depended on the transfer of Fabio Coentrao at Manchester United," recalled Cordero to AS>.
"Both Siqueira and Granada can say that the operation was near done. It was a loan with the option to buy. It was over a million euros. Maybe in the future it can be done.
"Siqueira is a great player and today remains the property of Granada."
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