The 25-year-old has joined QPR for an undisclosed fee, penning a four-year deal at the west London outfit.
Granero made 17 appearances in Madrid’s title-winning campaign last season as he won his third major trophy at the Bernabéu.
The midfielder, who came through the Madrid Academy set-up, admitted QPR’s ambition was a key factor in convincing him to leave his boyhood club.
“I’m very happy to be here,” Granero told QPR’s website. “I love the passion of the English fans and from what I know QPR supporters are amongst the very best.
“I think QPR will continue to grow as a club and I want to be part of a very bright future here.
“When I spoke to Mark and Mike [Rigg], as well as Tony [Fernandes], I was convinced that I wanted to be part of this project, which has no limits.
“I am delighted to be part of this exciting chapter in the club’s history. Players that have joined before me are as excited as I am about what QPR can become, one of the great teams in England.”
QPR boss Mark Hughes is confident Granero will prove a valuable asset for the club, with the Welshman ecstatic to bring yet another big-name signing to Loftus Road.
“He is a great player, first and foremost. You don’t play at a club like Real Madrid if you’re not,” said Hughes.
“He has got great energy and is technically very gifted, as you would expect from a Real Madrid player. He is very comfortable on the ball and is an all-round excellent midfielder, which we will benefit from.”
Hughes has also signed Park Ji-Sung, José Bosingwa and Júlio César – all Champions League winners – in a busy summer of transfer activity at QPR, which has seen no less than 10 new arrivals.
“What we are doing at QPR is having an impact on players,” Hughes added.
“It is probably true to say that if we had approached certain players three or four months ago about joining the club, the suggestion wouldn’t have been entertained.
“But people now know we are serious and we are trying to do something different here.
“And that message is out there now which is why we are able to sit in front of quality players and once we are given that opportunity, we feel we have a good story to tell them.
“That’s why players are deciding that QPR is a great option.”
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