Eredivisie champions PSV Eindhoven signed Argentinian Osmar Ferreyra on loan from PFC CSKA Moskva.
The versatile 22-year-old left-sided player has arrived on a 12-month loan with an option for another season. A former Argentinian youth international, he joined CSKA last year from CA River Plate for a reported €4m, but never won a regular place in the Russian team's lineup.
Champions League campaign
Ferreyra said: "I am looking forward to the first training session." His new club begin the 2005/06 UEFA Champions League in the group stage, having reached the semi-finals last term.
Meanwhile, PSV have loaned several young players to second-division city rivals FC Eindhoven. The Eerste Divisie side have acquired the services of goalkeeper Jelle ten Rouwelaar (24), right-back Sepp de Roover (20), midfielder Sasa Stojanovic (22) and forward Otman Bakkal (20).