(CNN) -- Primera Liga giants Real Madrid have made their fifth signing of the summer after swooping for Liverpool's Spanish international right-back Alvaro Arbeloa on a five-year contract for a fee of £3.5 million ($5.7 million).
Defender Arbeloa leaves Liverpool to become Real Madrid's fifth signing of the summer.
Arbeloa -- who was part of the Spain squad that won Euro 2008 -- was with Madrid as a youngster before moving to Deportivo La Coruna in 2006 and then onto Liverpool six months later.
However, with just one year remaining on Arbeloa's Anfield contract, Liverpool manager Rafael Benitez has allowed the 26-year-old to move on, with recently- signed Portsmouth defender Glen Johnson likely to be first-choice right-back at the English Premier League club next season. Top 20 summer transfer targets
Arbeloa is the latest player to move to the Bernabeu, following-on from Cristiano Ronaldo, Kaka, Raul Albiol and Karim Benzema.
"Arbeloa's versatility allows him to play anywhere in defense," Madrid confirmed on their Web site. "He is a very regular and consistent player who thrives in one-on-one situations."
There could be further movement between the two clubs with Madrid known to have a keen interest in Liverpool's Spanish midfielder Xavi Alonso, although there appears to be some disagreement about a potential transfer fee.
There could also be further movement out of Anfield this week with Italian defender Andrea Dossena poised to join Napoli after the two clubs agreed a fee.
Arbeloa's arrival takes the Real Madrid first-team squad to 30 players and will intensify the need to reduce their squad size down to 25 players, the maximum allowed to be registered with the Spanish Primera Liga.