Atletico Madrid have secured the services of Liverpool's Dani Pacheco on a season-long loan.
The 20-year old forward has struggled for game time with the Reds in recent times so has been sent out to gain regular first team experience in the Spanish La Liga.
Pacheco, who spent time with Norwich City last term, was set for a loan move to Coventry City, which fell through, but a club statement has revealed he has now joined Atletico.
"Liverpool have today finalised a deal to send Daniel Pacheco on a season-long loan to Atletico Madrid," read the statement.
"The 20-year-old will stay in La Liga until June 30, 2012."
It's the home stretch! 24/7 click for the best coverage of Liverpool's final transfer market moves