Spain winger Cazorla joins Arsenal from Malaga
August 7, 2012 -- Updated 1554 GMT (2354 HKT)
Spain's Santi Cazorla has been capped 45 times.
- Spanish footballer Santi Cazorla joins Arsenal for undisclosed sum
- His former club Malaga is undergoing a process of "internal restructuring"
- High-profile signing follows arrival of Olivier Giroud and Lukas Podolski
- Arsenal must now wait to find out if captain Robin van Persie will stay
(CNN) -- Spain international Santi Cazorla has joined English Premier League club Arsenal from Malaga on a long-term deal.
The versatile midfielder has been signed for an undisclosed sum -- believed to be around $23.5 million -- with the length of his contract also unspecified by Arsenal.
The 27-year-old was a key player in the Malaga side, which finished fourth in La Liga last season to qualify for the Champions League for the first time in the club's history.
"Santi Cazorla is a great signing for us," Arsenal manager Arsene Wenger said.
"He is a player with good experience at both club and international level, who will add significant quality to our squad.
Muamba: I've played football again
China investors look to Italian football
Training to be an Olympic athlete
Del Piero's Juventus love affair
"He is a versatile, attacking midfield player who can play comfortably on either side of the pitch or centrally. He has good pace, is technically gifted and will be a huge asset to Arsenal."
Will big football club's beat Financial Fair Play rules?
Named Spanish Player of the Year in 2007, Cazorla joined Malaga in 2011 following two stints with Villarreal.
He has been capped 45 times by Spain, and was part of their winning squad at this year's European Championships and in 2008.
"I'm so excited to be joining one of the greatest teams in Europe and also in the Premier League," he said.
"I will do my best to help Arsenal challenge for trophies and make all the supporters happy."
'Supporter for sale' finds new home at Spurs
Malaga recently announced it was undergoing a process of "internal restructuring," with owner Sheikh Abdullah Bin Nassar Al-Thani -- a member of the Qatar royal family -- reportedly wanting to sell up after only two years.
Cazorla's arrival at Arsenal follows the club's summer signings of Germany forward Lukas Podolski and France international striker Olivier Giroud.
With the start of the Premier League season less than a fortnight away, the focus will now switch to whether Arsenal captain Robin van Persie will stay at the Emirates.
Last month the Dutch striker, who has a year left on his contract, revealed his intention not to sign a new deal with the London club.
So far Manchester United, Manchester City and Juventus have made bids for the 28-year-old -- all of which have been rejected by Arsenal.
"I've thought long and hard about it, but I have decided not to extend my contract," said Van Persie.
"You guys, the fans, have of course the right to disagree with my view and decision and I will always respect your opinions."
Part of complete coverage on
Be part of CNN's coverage of European Champions League matches and join the social debate.
Some of the biggest names in football lined up for a charity match, but CNN's Tom McGowan wonders if they can help beat poverty.
March 4, 2014 -- Updated 1555 GMT (2355 HKT)
"Everyone is scared about war -- they are very nervous," former Ukraine football star Oleg Luzhny says of the rising tensions with Russia.
After a miserable Champions League defeat to Olympiakos, CNN's John Sinnott wonders if Manchester United is officially in trouble.
February 26, 2014 -- Updated 1807 GMT (0207 HKT)
Bayern Munich's present success rests on one key decision, chairman Karl-Heinz Rummenigge tells CNN.
February 18, 2014 -- Updated 0922 GMT (1722 HKT)
"More than a Club." It is an image Barcelona has carefully cultivated, but could the controversial deal to sign Neymar sour that view?
CNN's David Ford analyzes the changing face of Manchester City since Barcelona's last visit to the English club 11 years ago.
February 1, 2014 -- Updated 1825 GMT (0225 HKT)
Affectionately known as "the wise man of Hortaleza," Luis Aragones -- who died aged 75 -- left the legacy of helping Spain's ascension to the top.
January 23, 2014 -- Updated 2118 GMT (0518 HKT)
Real Madrid hasn't won the European Champions League in over a decade, but the Spanish club is invincible in one field -- making money.
January 16, 2014 -- Updated 1449 GMT (2249 HKT)
A ruling that Polish fans will not face legal action after anti-Semitic chanting sparks debate over whether it signals acceptance of such attacks.
The naming of the world's best footballer is not all that it seems, says CNN's James Masters.
If FIFA really cared about gay rights, why did it give the World Cup to a country where homosexuality is illegal, asks CNN's James Masters.
CNN's Alex Thomas takes a brave punt on the 2014 champion ahead of Friday's World Cup draw.
Today's five most popular stories