Official: Ager Aketxe loaned to Spanish Club Cádiz

Toronto FC made it official today that Spanish midfielder Ager Aketxe has been loaned to Cádiz CF, a club who play in the Spanish second division. The details of the loan have not been released.

After joining Toronto FC in the offseason from La Liga side Athletic Bilbao, Aketxe has appeared 14 times in all competitions for Toronto, recording a single assist. He was the club’s biggest offseason signing, making $1.3 million in guaranteed compensation.

“At this time, we feel it’s in the best interests of both parties to do this loan,” said Toronto FC General Manager Tim Bezbatchenko in a press release. “Adjusting to MLS is different for everyone and Champions League added a new element in this particular situation compared to a standard preseason. We wish him the best during the loan.”

There has been no indication officially as to how long Aketxe has been loaned to Cádiz, and what amount of his salary the Spanish club will pay. This will ultimately determine how much salary cap space Toronto FC will have to work with in the secondary transfer window, which opened yesterday.

While reports initially indicated that Cádiz will have an option to buy in this deal, that was also not made clear in Toronto FC’s release. So it’s not out of the question that Aketxe will be back with the club in the future.