Real Madrid finalise agreements to sign Endrick from Palmeiras | OneFootball

Real Madrid have finalised agreements with Palmeiras and Endrick that will see the teenager striker move to Spain in 2024, sources have confirmed to 90min.

90min revealed in March that the forward wanted to move to Madrid, and despite interest from Chelsea and Paris Saint-Germain, it was always believed that the 16-year-old preferred Los Blancos instead.

Sources confirmed to 90min in November that Palmeiras expected a deal to be completed by the end of the year, and this has now been finalised.

Madrid have agreed to pay Endrick's release clause of €60m, but are also paying an extra €12m to cover the taxes required by Spanish authorities when a Brazilian footballer moves to La Liga.

Endrick's father and representatives have insisted that Palmeiras will not lose out financially and Real have obliged to meet the release clause, with personal terms now also agreed.

Endrick will now spend the next 18 months with Palmeiras before making the move to Spain. FIFA regulations prevent players from moving abroad before the age of 18.