Real Madrid chief Emilio Butragueno says they're delighted with their deal for Chelsea midfielder Michael Essien.

Essien signed for Real on-loan on Friday.

Butragueno declared: "I am honoured to welcome Michael Essien as a Real Madrid player on behalf of the club. We are delighted that he is here.

"He is a player who has shown his ability as a top class player for many years at the highest international level and we are convinced that both his competitive nature and his ability will help us to achieve all our objectives for this season. He knows that only the best is expected of him and that the aim of this club is to win all the trophies for which it competes, but we are convinced that this will be a very successful stage in his sporting career."