Malaga has continued its summer spending spree with the capture of Valencia winger Joaquin Sanchez.

The 29-year-old has spent the last five seasons at Valencia after joining Los Che from Real Betis for a fee in the region of 24million euros. He has won 50 caps for Spain.

Although financial details of the transfer have not been announced, it has been reported in Spain that Malaga will pay around 4million euros for Joaquin.

Malaga said in a statement on their website: "Malaga and Valencia have reached an agreement for the transfer of Joaquin.

"The two clubs have closed an agreement for the player to become Malaga's seventh signing for next season, after Diego Buonanotte, Martin Demichelis, Ruud van Nistelrooy, Nacho Monreal, Jeremy Toulalan and Joris Mathijsen.

"Joaquin has also reached an agreement with Malaga and in the coming days will sign his contract with the club.''

Malaga finished last season in 11th spot in La Liga, three points above the relegation zone, after winning five of their final seven games.