Real Madrid have completed a deal to sign promising 16-year-old Brazilian Vinicius Junior from Flamengo in a deal that will go through in July 2018, seeing off competition from rivals Barcelona for the wonderkid.
Vinicius cannot link up with La Liga champions Madrid until after his 18th birthday next year, but the Spanish giants plan for him to stay at Flamengo until July 2019 unless both clubs agree otherwise.
The teenager has impressed for his country at youth level, topping the scoring charts with seven goals as Brazil won the South American Under-17 Championship in March.
Vinicius soon began courting interest from Madrid and only made his first-team debut for Flamengo as a late substitute in the 1-1 Campeonato Brasileiro draw against Atletico Mineiro on May 13.
HOW MUCH DID MADRID PAY?
The 16-year-old signed a new deal with the Rio de Janeiro giants last week that boosted his salary and raised his release clause from €30m to €45m.
Accordingly, Goal understands that the Spaniards will pay Flamengo an initial €30m up front, and another €15m when the transfer is completed in 2018.
Vinicius will also receive a starting salary of €7.5m a year, a figure that is some way beneath the €9m offered by Barcelona, who were also in the chase for the wonderkid.
Madrid are believed to have been keen to wrap up the deal early to avoid missing out on his signature to a rival European club, as occurred when Barcelona scuppered their hopes of taking Neymar to the Santiago Bernabeu while he was still at Santos.
The other big winners out of the transfer are Traffic, the multimedia company that represent Vinicius.
Traffic will receive a commision of €8m from the deal, after also negotiating with Barcelona.
Vinicius had gone as far as to visit the Catalans' training ground, but Madrid's superior bid finally won out and he will line up at Santiago Bernabeu once he turns 18.