Real Madrid have released midfielder Martin Calderon to Cadiz.
After spending last season on-loan with Pacos de Ferreira in Portugal, Calderon has now signed permanently with Cadiz.
Calderon has penned a three-year contract with Cadiz.
The 22 year-old has come right through the youth system at Real Madrid, but has now cut ties with his formative club to join Cadiz.
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