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Chelsea confirmed on Wednesday that the Belgium international goalkeeper has joined Real Madrid, while Croatia midfielder Mateo Kovacic was heading the other way on a season-long loan.
The 26-year-old Courtois spent three seasons on loan at Real’s cross-town rivals Atletico from 2011 to 2014.
Courtois guided the Blues to the 2017 Premier League title and won the FA Cup this past May in a 1-0 win over Manchester United.
Chelsea have finalized a deal for Spain international ‘keeper Kepa Arrizabalaga in the late hours before the transfer window shut down on Thursday as Courtois’ replacement.
Kovacic, 24, joined Real from Inter in 2014, but has found his opportunities limited at the Bernabeu. He made 36 appearances in all competitions last year.
Capped 46 times by Croatia, Kovacic was a member of the squad that finished runners-up to France this summer in Russia.