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According to Marca that is reproducing a "L'Equipe" article, Nicolas Anelka has signed a pre-contract to join the French Club. The negotiations were made between Pierre Lescure, Head of Canal+, Didier Anelka and Lorenzo Sanz.

The official contract will be signed after the club elections, provided that Lorenzo Sanz wins and retains his presidency.

All the parts involved in the deal promised absolute silence on the matter, in order not to influence the voting socios in regard to Sanz's candidacy.

In case Florentino wins, the pre-contract in question will have no value and he'll be free to keep the player in Real Madrid or sell him to any other club (most probably an italian one).
 
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and an additional article from onefootball.com

Anelka runs home to PSG
Sunday 9th July 2000

Nicolas Anelka is expected to quit Real Madrid this week and return to France to line up for Paris Saint-Germain next season in a deal worth £20 million.

PSG Sports Director Jean-Luc Lamarche said that the 21-year-old France forward was ready to make a financial
sacrifice to return to the club he supported as a kid.

"Nicolas has proved to us he wants to come back," Lamarche
said. "He's made a real effort."

Real have confirmed that they received a bid of around £20
million for Anelka, believed to be from the French club, who are now waiting for the outcome of the Spanish club's presidential elections on July 16.

The European Cup winners will let Anelka go to help with their huge debts but will insist on a clause in the contract that gives them a cut of any sell-on profit.

Anelka is reported to have told his family and close friends that he is ready to return home after three years away before trying his luck abroad again in two years' time.

And the former Arsenal forward sees a two-year spell with PSG as a way to kick-start his bid for a place in France's 2002 World Cup team.

At PSG, Anelka would at least be assured of regular first-team footbal, which was not the case at Real, where he often had well-publicised disagreements with the management.

Anelka has had a remarkable last few months. After playing a vital role in Real's European Cup triumph in May, he picked up a Euro 2000 winner's medal with France earlier this month. PSG, who finished second in the French championship to qualify for the Champions' League, are banking on Anelka to spearhead their attack next season and have already spent nearly £25 million on new players.

Lamarche said: "We're obliged to say we're aiming for the title. We think we're capable of finishing in the top three and playing a role in the Champions' League come springtime."
 
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