Keylor Navas
Keylor Navas in great demand after sparkling World Cup performancesReuters

Real Madrid have surprisingly met the £8m release clause for World Cup sensation, goalkeeper Keylor Navas to complete their first summer signing, reports in Spain claim.

The Costa Rica international has garnered a reputation as one of the best stoppers in La Liga following his stellar displays last season with Levante – while his World Cup heroics have cemented his ratings and attracted the attention of many big clubs

Recent reports claimed Bayern Munich manager Pep Guardiola was on the verge of signing him as back-up for Manuel Neuer but Spanish newspaper Marca break the news he will be moving to the Santiago Bernabeu.

According to the report, Los Blancos have already completed the deal after agreeing with Levante to pay his £8m buy-out clause, of which £6.5m will go to the club and the rest to the keeper himself.

Levante have been forced to sell Keylor Navas because his contract was set to expire next season.

Nevertheless, they have also cashed in on his sensational World Cup performances to get his full release clause. Apart from Real Madrid, Marca says Arsenal, Porto, Atletico Monaco and Paris Saint Germain were also pursuing the goalkeeper and had been in touch with his agent Ricardo Cabañas.

Marca reports that even though his move to Real Madrid was a done deal the announcement has been delayed and will not be made official until the Champions League winners find a destination for second goalie Diego Lopez.

While Real legend Iker Casillas' future is reportedly uncertain, Marca says both Napoli and Monaco are interested in securing the services of Diego Lopez.

Real Madrid are also reported to be on the verge of completing the signing of Toni Kroos, from Bayern, while still negotiating the transfer of Monaco star and Colombia World Cup star James Rodriguez.