Felipe Caicedo joined Malaga on loan on the eighth of January 2010 and scored his first LaLiga goal on 14 February 2010.
On 8 January 2010, Caicedo decided to join Malaga on loan, rejecting an offer from Hull City. He scored his first La Liga goal for Malaga with a beautiful individual effort against Racing de Santander, helping Malaga win 30 on 14 February 2010. 
