Real Madrid have confirmed they have agreed a deal to sign 16-year-old striker Endrick from Palmeiras.
90min understands Real have agreed to pay Endrick's €60m release clause and have also committed to paying a further €12m in taxes to complete the deal for the talented teenager, who is only permitted to move to Spain in 2024.
"Real Madrid CF, Sociedade Esportiva Palmeiras, Endrick and his family have reached an agreement whereby the player will be able to join Real Madrid when he comes of age in July 2024," a statement read.
"Until then, Endrick will continue his training at Palmeiras. The player will travel to Madrid in the coming days to visit our club's facilities."
Palmeiras president Leila Pereira added: "We have completed the biggest negotiation in the history of Brazilian football. Real Madrid's proposal is compatible with Endrick's enormous talent and corresponds to the sporting and financial goals that we have established since the beginning of negotiations."
Most top clubs from across Europe were keen to land Endrick, with Chelsea and Paris Saint-Germain the primary rivals for his signature, but 90min has long reported that he wanted to join Real and the move has now been finalised.
Endrick told Palmeiras' in-house media: "I thank Palmeiras, the greatest champion of Brazil, champions of America, champion of the world and, forever, the club of my heart, for offering me everything necessary to become what I am today, for helping to accomplish several of my dreams and for respecting my desire and that of my family to make another dream come true.
"Until I join Real Madrid, I will continue to dedicate myself as I have always dedicated myself to being able to offer Palmeiras even more on the field: more goals, more victories, more titles and even more joy for our fans."