Real Madrid have confirmed they will turn to the Court of Arbitration for Sport (CAS) to have the transfer ban imposed on them by FIFA overturned.
In January, Los Blancos - alongside city rivals Atletico Madrid - were banned from registering players for two consecutive transfer windows after being charged with breaching FIFA regulations relating to the protection and transfer of minors.
The bans were delayed pending their appeals to the governing body but FIFA confirmed on Thursday that the decisionis to be upheld, meaning they will not be able to sign any players until 2018.
Responding to the announcement on Thursday, Real confirmed they will continue to appeal the decision by taking their grievances to CAS.
A club statement reads:
"In light of today's decision by the FIFA Appeal Committee, Real Madrid C. F. wishes to communicate the following:
"1. The club regrets said decision, understanding it to be deeply unjust and contrary to the fundamental principles of disciplinary law.
"2. The club will begin the appropriate appeals procedure before the Court of Arbitration for Sport (CAS), requesting that the decision be completely overturned, with absolute confidence that said organisation will come to an entirely favourable decision.
"3. Real Madrid C. F. will request that the procedure be undertaken in an urgent manner in order to obtain a decision from the CAS as quickly as possible."
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