Real Madrid will cough up a relatively low loan fee for Kepa Arrizabalaga.

The Spain goalkeeper signed for Real on a season-long loan from Chelsea on Monday.

The deal is a straight loan without the option to buy and local reporter Manuel Amor states Real will pay €1m for the 12 months.

Kepa made 39 appearances for Chelsea last season, conceding 45 goals.

He arrives at Real as a direct replacement for Thibaut Courtois, who's season is over after suffering an ACL injury in training last week.