Real Madrid officially confirmed Wednesday that they have reached a deal for the transfer of French international Ferland Mendy from Ligue 1 side Lyon.
The Blancos said the 24-year-old Mendy, who has been selected as the best left back in France's top-flight league for the past two seasons, has signed a six-year contract with the club that will run until June 30, 2025.
Olympique Lyonnais said on their Web site that Mendy had been transferred to Real Madrid for 48 million euros ($54.2 million), including possible additional incentives totaling up to 5 million euros.
Mendy will be presented on June 19 in the VIP box at Santiago Bernabeu Stadium, Real Madrid said on their Web site.
"A willing runner and powerful full-back, his pace, reading of the game and vision when on the ball are his key characteristics," the club said.
"His impressive performances have led to him being named in the Ligue 1 Best Eleven chosen by the Union Nationale des Footballeurs Professionnels for the second campaign in a row," the statement said, also recalling that Mendy made 44 appearances for Lyon last season, including 8 Champions League matches.
Real Madrid noted that Mendy scored three goals last season and also made his French national team debut in November in a friendly against Uruguay.
Mendy came through the ranks of Ligue 2 side Le Havre and made his debut with their top-flight team in 2015. He was named the best left back in Ligue 2 in 2016-2017, leading to his move to Lyon in the summer of 2017.
The French defender is the latest addition to a retooled Real Madrid side, who stumbled last season to a distant third-place finish in La Liga and a round of 16 exit in the Champions League after agreeing to transfer Cristiano Ronaldo to Juventus in July 2018.
Real Madrid presented Luka Jovic on Wednesday at Santiago Bernabeu Stadium in a ceremony in which the club's president, Florentino Perez, hailed the 21-year-old Serbian striker as "one of the greatest goal scorers in Europe."
"But our fans are going to ask you for a lot more because they know everything you can offer with your great quality. So you have before you the greatest challenge of your career," Perez told Jovic at the ceremony.
On Thursday, Real Madrid will present Belgian superstar Eden Hazard, whom they acquired from Premier League club Chelsea for a reported 100 million euros ($113 million).
The attacking midfielder scored 110 goals in 352 appearances for Chelsea, including a brace in the Blues' 4-1 victory over Arsenal in the May 29 Europa League final.
Real Madrid also have added Brazilian central defender Eder Militao (acquired from Portuguese side Porto) as part of their summer shopping spree.
Another player, Brazil's Rodrygo Goes, is set to join the Blancos over the summer on a deal reached a year ago.