Manchester United have officially announced that they have an agreement in principle with Borussia Dortmund for the £73 million ($101m) purchase of Jadon Sancho.
Goal learned on Wednesday that a big-money deal had been struck between Premier League and Bundesliga heavyweights.
And both clubs have now confirmed the transfer, with the 21-year-old England international now set to agree on personal terms and undergo a medical.
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What has been said?
A statement from Dortmund released early on Thursday read: "The player Jadon Sancho is about to move from Borussia Dortmund GmbH & Co. KGaA to Manchester United Football Club Limited.
"Both clubs and the player reached an agreement on this today. If the transfer is realised, Manchester United will pay BVB a fixed transfer fee of EUR 85.0 million.
"The contractual details now have to be coordinated and documented.
"The formal processing of the transfer is also subject to the successful completion of all necessary medical tests and examinations, a coordination procedure with the player's previous club and the proper and timely processing in accordance with the provisions of the FIFA Transfer Matching System (FIFA TMS)."
United themselves then followed up in the afternoon, stating: "Manchester United is delighted to announce it has reached agreement in principle with Borussia Dortmund for the transfer of Jadon Sancho.
"The signing is subject to contractual terms and a medical, which will be completed after Jadon’s involvement in the UEFA European Championship."
Marcus Rashford also took to social media to welcome his new team-mate at club level, with both players currently on international duty with England.
Why did Dortmund sell?
The German giants have stood firm for over 12 months when it comes to interest from Old Trafford in Sancho.
Various approaches have been knocked back, with BVB understandably reluctant to part with a prized asset that boasts considerable potential for future development.
They have, however, seen their hand forced, with club CEO Hans-Joachim Watzke revealing that an exciting forward has expressed a desire to move on.
Discussing the deal with United, he has told reporters: "There is an agreement in principle with Manchester United. Formal things still have to be clarified.
"It was Jadon's express wish to change, we would have liked to keep him. We are not happy about the money and sad that he is going away."
Sancho will depart having taken in 137 appearances for Dortmund and with 50 goals recorded alongside an impressive haul of assists.