Shuffle: Transfers, Departures and a New EraReal Madrid have had a tumultuous few weeks, capped by their Club World Cup semi-final defeat to Paris Saint-Germain. Yet, as

Spanish soccer giant Real Madrid announced another big summer transfer for the first team via its social media account and official website on Monday evening.

Liverpool have joined Premier League rivals Arsenal in the race to sign Real Madrid winger Rodrygo, according to reports in Spain. Brazil international Rodrygo has been heavily linked with a move away from the Bernabeu this summer.

This transfer also highlights a remarkable shift in Modric's career priorities. At Madrid, he had been earning close to €10 million annually, before accepting a 50% wage reduction in his final season.

AC Milan have completed the signing of Luka Modric on a one-year deal, with the option of a further year, which is likely to see the Croatian continue playing at the top-level beyond his 40th birthday in September.