Real Madrid have agreed to loan attacking midfielder Sergio Canales to Valencia for the next two seasons, the Spanish clubs said in statements on Thursday.
The England captain believes the manner of the team's qualification for the last 16 of the Champions League proves they can challenge for honours this season.
Real Madrid paid more than 200 million euros ($227.76 million) to assemble their forward line of Cristiano Ronaldo, Gareth Bale and Karim Benzema, but the attacking trio failed them again in Wednesday's Champions League exit to Juventus.
Brazilian forward Julio Baptista donned the all-white shirt of Real Madrid for the first time on Monday after signing a five-year deal with the club for an initial fee of 20 million euros (13.8 million pounds).
Ramos acknowledged 'there were some calls' when he entered the final six months of his contract but stressed 'leaving Real Madrid was never on my mind'.
The players celebrated in front of the fans and video footage showed them dancing and making gestures towards the Atletico supporters, who responded by throwing objects from the stands.
The Welsh winger is thriving in the absence of Ronaldo and Madrid have three wins from four La Liga matches.
Spanish football giant Real Madrid have tabled a 30 million pound bid for Manchester United striker Javier Hernandez.
The 24-year-old Wales international, who has agreed a six-year contract, eclipsed the previous record of 80m which was also paid by Real Madrid to Manchester United for Cristiano Ronaldo in 2009.
The Barcelona striker was fined 12,000 euros for insulting his former club Real Madrid during his team's title celebrations on May 15.
Cristiano Ronaldo scored twice but had to leave the pitch with his face covered in blood as Real Madrid eased their domestic crisis by hammering Liga strugglers Deportivo La Coruna 7-1 at home on Sunday to reclaim fourth place in the standing
Depleted Real Madrid ended a disappointing week with a 0-0 draw at Sporting Gijon on Saturday, handing champions Barcelona the chance to open a three-point lead at the top of La Liga.
Liverpool came into Saturday's Champions League final against Real Madrid on a wave of confidence but Zinedine Zidane's side showed exactly why they are the masters of Europe's top club competition in their 3-1 win.
France and Real Madrid forward Karim Benzema was found guilty of complicity in the attempted blackmail of a former international team mate over a sex tape on Wednesday and sentenced to a one-year suspended jail term.
Images from Saturday's La Liga action.
Espanyol have agreed a deal for goalkeeper Kiko Casilla to join Real Madrid, the Catalan club said on Friday.
Italy striker Balotelli has scored only once in nine appearances since signing from AC Milan for 16 million pounds and has often cut a frustrated figure during a series of low-key displays.
Real Madrid dug deep in a 3-0 home win against lowly Alaves in the La Liga, but Ligue 1 leaders Paris St Germain their second Ligue 1 loss of the season.
Real Madrid climbed back above arch rivals Barcelona to the top of La Liga when Gonzalo Higuain netted a late winner in a laboured 1-0 win at Sporting Gijon on Sunday.
Late goals from Samuel Eto'o and Lionel Messi gave Spanish Primera Liga leaders Barcelona a 2-0 win over Real Madrid at the Nou Camp on Saturday, condemning Juande Ramos to defeat on his league debut as coach of the champions. Barcelona top the table with 38 points from 15 matches, eight ahead of Valencia who beat Espanyol 2-1 earlier on Saturday. Villarreal, who play at fourth-placed Sevilla on Sunday, are third on 29 points with Real fifth on 26.
Real Madrid and AC Milan led a procession of six teams into the Champions League last 16 on Wednesday while big-spending Manchester City failed again on the European stage to further dent English soccer's standing.
The two teams have met eight times in the European Cup, with Real winning four times and Liverpool three.
Real Madrid forward Vinicius Jr. score twice as his side punished a sloppy Liverpool to win 3-1, while Manchester City beat Borussia Dortmund 2-1 in Tuesday's Champions League quarter-final first leg.
Spain coach Julen Lopetegui will take over as Real Madrid manager on a three-year contract after the World Cup, the European champions said on Tuesday.
Real Madrid failed to keep the pressure on leaders Barcelona as they were held to a draw by relegation-threatened Real Sociedad.
In an eventful match with plenty of needle, Vinicius was fired up, snapping into tackles and encouraging the crowd to make more noise
Real coach Zinedine Zidane left out Cristiano Ronaldo and Gareth Bale in a largely second-string side but not even the injection of youth could breathe life into his team until Asensio's late goal ended a run of three games without a win.
Atletico Madrid earned a 1-1 draw away to Girona in a chaotic and entertaining Copa del Rey last 16 first-leg match on Wednesday, leaving the tie finely balanced.
Madrid's trip to San Sebastian was full of intrigue after Barca failed to beat Sevilla and the Catalan side's defender Gerard Pique said the title was now Madrid's for the taking.
The Bernabeu faithful have never taken Gareth Bale to their hearts with injury problems and a perceived lack of integration into the side often used as sticks to beat him with.
Cristiano Ronaldo played down talk of crisis at Real Madrid after the European and Spanish champions were trounced 3-1 on their Wembley debut against Tottenham Hotspur on Wednesday.
Real Madrid chief Predrag Mijatovic said the former England captain must complete the remaining six months of his contract.
Leaders Real Madrid were held to a 1-1 draw away to promoted Real Murcia in the Primera Liga on Saturday, allowing arch-rivals Barcelona to close to within two points in the standings.
Third-tier Alcorcon lost 1-0 to Real Madrid at the Bernabeu on Tuesday but dumped the nine-times European champions out of the King's Cup 4-1 on aggregate. Alcorcon operate on a budget of just over one million euros ($1.50 million), some 400 times smaller than Real's.
Real Madrid continued their march towards a 35th LaLiga title
Real Madrid equalled a Spanish record of 39 games unbeaten in all competitions by crushing struggling Granada 5-0 on Saturday to go six points clear at the top of La Liga.
Real Madrid suffered a shock 2-1 defeat by Sevilla in La Liga on Sunday as winger Jesus Navas and midfielder Renato stuck with headers in each half.
The historic rivals will meet again twice in August in the Spanish Super Cup and this International Champions Cup match set the entertainment bar high, with Barcelona maintaining their 100 per cent record in pre-season.
Blackburn Rovers have signed former Real Madrid defender Michel Salgado for two years on a free transfer, the Premier League club said on Wednesday.
