The Croatia international has joined La Real on a season-long loan with an option to buy.
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Lyon have announced Caleta-Car will join La Real for an initial €500,000 loan fee and can sign permanently at the end of the coming season for €4m.
Caleta-Car, 28, has a deal with Lyon to 2027.
The stopper joined Lyon two years ago from Southampton and made 57 appearances for OL.