Victor Munoz to Liverpool transfer - contract details, rivals beaten, Real Madrid clause

Below is a summary of the full article. Click here for the full version from Echo or go back to LFC Live.

Need to knowLiverpool are set to make Osasuna and Spain winger their first signing since the appointment on new head coach Andoni IraolaVictor Munoz celebrates scoring his first goal for Spain in the 3-0 friendly win over Serbia in March(Image: Alex Caparros/Getty Images)All you need to know about Liverpool's shock move to sign Osasuna and Spain winger Victor Munoz...Liverpool have triggered the £34.5m release clause for 22-year-old Spain international winger Victor Munoz from La Liga side Osasuna. He will sign a six-year contract.Munoz will become the first signing under the Reds' new manager, Andoni Iraola, who was heavily involved as the driving force behind targeting the forward.Liverpool fended off massive interest from multiple top clubs to seal the transfer, including Newcastle United, Manchester United, Real Madrid and Bayer Leverkusen.Barcelona were also tracking Munoz before signing Anthony Gordon.

However, Real Madrid held a matching rights clause from when they sold Munoz to Osasuna last summer, effectively blocking any move to their bitter La Liga rivals.Because Real Madrid sold Munoz to Osasuna for just €5m last year while retaining a 50% sell-on clause, they will receive half of Liverpool's £34.5m transfer fee, which the Reds will pay in two instalments.A Liverpool delegation travelled directly to Chattanooga, Tennessee - where Spain are currently based for the World Cup - to complete Munoz's medical after getting permission from the Spanish Football Federation.The transfer adds crucial depth to an attacking unit that lost Mohamed Salah at the end of the season and is facing the long-term absence of Hugo Ekitike, who ruptured his Achilles tendon back in April.The signing is intentionally profiled to bring the best out of star striker Alexander Isak. Furthermore, because Munoz is highly versatile across the front line, the Reds feel his arrival will not hurt the development of 17-year-old rising star Rio Ngumoha.This marks the third time in a single year that Liverpool have dealt a massive blow to Newcastle United in the market, following the previous captures of Hugo Ekitike and Alexander Isak.While internal staff believe Iraola's style of football actually suits Federico Chiesa, Munoz's arrival complicates his position further.

Chiesa wants more playing time, and Liverpool expect to field serious transfer interest from Serie A clubs.READ MORE: Liverpool beat four clubs to surprise Victor Munoz transfer as Andoni Iraola plays key role