Espanyol have signed goalkeeper Diego Lopez on a permanent basis from AC Milan following a profitable season on loan in LaLiga.
The 35-year-old has signed a three-year deal, tying him to Espanyol till June 2020, having a buyout clause of €50million.
Lopez produced 35 appearances for Quique Sanchez Flores' team in Spain's leading flight this term, conceding 38 goals and maintaining 11 clean sheets.
"It's an extremely satisfied day for me. We've only had one season, but it's been great," the former Real Madrid, Villarreal and Sevilla keeper told Espanyol's official web page.
"I thank the club, the coach, the coaching staff, the team-mates along with the fans, and I wanted to stay here, it was my priority."
Espanyol also announced Lopez will undergo surgery on Tuesday to alleviate a case of bursitis in his correct knee.

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Genuine Madrid have completed a deal to sign promising 16-year-old Brazilian Vinicius Junior from Flamengo in July 2018.
Vinicius can not link up with LaLiga champions Madrid till following his 18th birthday next year, however the Spanish giants plan for him to stay at Flamengo till July 2019 unless each clubs agree otherwise.
Reports in Brazil and Spain claim the worth of the transfer is €45million.
The teenager has impressed for his country at youth level, topping the scoring charts with seven targets as Brazil won the South American Under-17 Championship in March.
Vinicius quickly began courting interest from Madrid and only created his first-team debut for Flamengo as a late substitute inside the 1-1 Campeonato Brasileiro draw against Atletico Mineiro on May well 13.
The 16-year-old signed a brand new handle the Rio de Janeiro giants final week that boosted his salary and raised his release clause from €30m to €45m.
Madrid are believed to possess been keen to wrap up the deal early to prevent missing out on his signature to a rival European club, as occurred when Barcelona scuppered their hopes of taking Neymar to the Santiago Bernabeu while he was nevertheless at Santos.

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Marcelo basked inside the glory of victory after claiming "a lot of people today didn't want Actual Madrid to win LaLiga".
Madrid have been crowned champions of Spain for the initial time given that 2012 right after defeating Malaga 2-0 on Sunday.
Cristiano Ronaldo and Karin Benzema have been around the scoresheet as Madrid - also preparing to defend their Champions League crown against Juventus on June three - dethroned LaLiga titleholders and bitter rivals Barcelona.
And Brazil international left-back Marcelo revelled within the triumph, saying: "We must proud of this team. Winning the Spanish league is quite tough, it is the strongest league in the planet.
"We've got to become proud with the group and the coaching staff. Lots of people didn't want Genuine Madrid to win LaLiga, but we fought correct until the final. We're Genuine Madrid.
"The aim was to win LaLiga and all of the competitions that we're competing in. We've got had a fantastic season. We have two weeks left just before the next final. This title is for our fans.
"We have reached the end in the season with the opportunity to win two titles. We have won a single and can win an additional."
Benzema added: "This title is extremely crucial for everybody and I'm pretty proud of this group. We will have to also thank the True Madrid fans.
"We're a team as well as a formidable group, that is observed in each game and every single instruction session."
Croatian midfielder Luka Modric, who recorded his 150th victory with Madrid, mentioned: "It's an incredible feeling. We've waited a long time but inside the end it was worth our work. We deserved to win this league title.
"We're pretty happy and now we've got to celebrate it with our fans. It really is my very first league title, it's been an outstanding year and there's nevertheless a final to come."

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