Real Zaragoza have completed the signing of winger Jermaine Pennant after his release by
Liverpool at the end of his contract.
The former Arsenal youngster passed a medical with the Spanish outfit on Thursday and will join
their bid for survival next season after being promoted back to the Primera Liga Division.
Liverpool have agreed a fee of around £3.5million for Alvaro Arbeloa to move to Real Madrid.
The 26-year-old right-back passed a medical and signed a five-year deal.
One more Spaniard will be joining him soon at Santiago Bernabeu. We wish Arbeloa all the best in
his football career with Real Madrid.
Liverpool have agreed a deal with Greek side Panathinaikos for the sale of winger Sebastian
Leto.
The Argentine spent last season with rivals Olympiacos after work permit problems prevented him
playing for the Reds.
Leto signed for Liverpool in August 2007 after Rafa Benitez beat the likes of Real Betis and
River Plate to his signature.
