Lopez, 26, joins the Ligue 1 club on a temporary basis until 30 June 2022, for an initial fee of €720,000.
Various bonuses are included that could increase the total sum payable by a maximum of €500,000.
As part of the agreement, Marseille are obliged to make the transfer permanent should certain sporting targets be met.
That transfer fee has been set at €12 million.
A full Spain international, Lopez joined the Giallorossi in the summer of 2019, going on to make 76 appearances for the club in all competitions.
Good luck, Pau!
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