However, the decision has been made simply to ease the veteran's move to Qatar's Al Gharafa.
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AS says Real will pay €1.5m to sign Joselu outright, but only to then grant him a free transfer so he can move to Qatar.
The 34 year-old has agreed a multi-year contract with Al Gharafa worth a massive €8m-a-year.
Joselu leaves Real having won the LaLiga and Champions League Double.