Real Madrid have not yet completed the signing of Brazilian forward Robinho from Santos, the Spanish club's vice-president Emilio Butragueno said on Friday.
"We have to be cautious," Butragueno was quoted as saying on the club's website. "The door has been opened to the signing of Robinho, but it still hasn't been finalised, although it is very close."
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"We've presented a document to the Brazilian Federation that guarantees the payment of 60 percent of the player's rights. We still have to wait but there is no doubt that it is a very important decision.
"We have to remain prudent but we hope that everything will become clear in the next 24 to 48 hours.
"He's a different player with enormous talent and there aren't many players like him around at the moment. We've got a week left of our tour [of Asia] and if the signing is speeded up then we will take a decision to see if he can join up with the rest of the team."
Robinho's agent Wagner Ribeiro said the 21-year-old player had agreed to forego the 40 percent of his rights to which he was entitled, accounting for the shortfall of $20 million in the buy-out clause.
But Brazilian club Santos insisted that Robinho still belonged to them and that they were due the full $50 million.
"They haven't deposited anything," club president Marcelo Teixeira was quoted as saying by Spanish sports daily Marca.
"The situation hasn't changed and things are the same as they were before. If Real Madrid deposits $50 million euros Robinho will go, but if not he will stay at Santos."
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