Beckham confirms timeshare deal

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Under a unique 'timeshare' agreement, the 33-year-old England midfielder will stay at Milan until the end of this season before returning to the United States to play for the Galaxy between July and October.

He will then head back to Italy in November to play out the rest of the 2009/10 Serie A campaign with Milan.

"I'm grateful to both clubs for allowing this dream to come true," Beckham said in a statement posted on www.gazzetta.it.

"It will enable me to play for Milan and the Galaxy in the same season, with the possibility of been able to keep up my commitments with Major League Soccer and the development of soccer in the United States, something which I'm very passionate about."

The deal follows weeks of negotiations between the two clubs during which Milan baulked at the size of the transfer fee Galaxy were demanding - thought to be around £12million.

Despite the protracted talks, the Galaxy's chief executive, Tim Lieweke, admits the deal is one which suits both clubs.

"I'm sorry that it had to go for so long, for him and for us and particularly for the fans," he told the Los Angeles Times.

"This is a good solution. It allows him to finish the season with Milan. We will see him in July."