Pedro Leon will be wearing the Getafe jersey again in the 2012-13 La Liga campaign.
Real Madrid have agreed to ship the 25-year-old winger out on loan for another season.
Leon joined Madrid after an impressive 2009-10 campaign, but has never nailed down a place in Jose Mourinho s plans.
He fell out favour with Mourinho after a disappointing first season at the Santiago Bernabeu, and was consequently loaned back to Getafe for 2011-12.
Getafe lack the financial resources to re-sign Pedro Leon on a permanent basis, but will now have the attacking midfielder at their disposal once more following Madrid s decision to allow him to renew his loan.
Both sides have yet to confirm the transfer, but the move is expected to be made official in the upcoming days.