Watford have confirmed midfielder Iriney has joined Real Mallorca on loan until the end of the season, subject to the deal gaining international clearance.
The 32-year-old was expected to seal a move to the Islanders after undergoing and passing a medical.
Iriney, who joined the Hornets from Granada in the summer, returns to Spain after making 17 appearances this season.
He made 14 starts and three substitute appearances for the Golden Boys in all competitions.
The combative player had spent 11 years in Spain before his move to Watford and made 236 appearances in all competitions during that time.
He joined Rayo Vallecano from Brazilian side Sao Caetano in 2002 and also enjoyed spells at Celta Vigo and Almeria before a three-year stint at Real Betis.
Iriney was a regular starter for Granada during the first half of last season but then the club opted for a more creative option after they signed Recio on loan from Malaga.