Luka Jovic has completed a £52.4m (€60m) move to Real Madrid from Eintracht Frankfurt, according to Sky Sports in Germany.
The Serbia international striker has signed a five-year contract with the Spanish giants, which will earn him £43.7m (€50m) in total or £8.7m-a-year.
The 21-year-old forward has enjoyed a prolific season on loan at Eintracht Frankfurt, scoring 27 goals in 47 appearances as the German outfit – who are currently sixth in the Bundesliga – reached the semi-finals of the Europa League where they lost on penalties to Chelsea .
Jovic has been on loan at Frankfurt from Benfica for the last two seasons, but the club recently secured a permanent deal in order to sell him on for maximum profit.
The signing of Jovic would bring the number of new additions to Zinedine Zidane’s squad for the 2019/20 season to three.
Porto’s Brazilian defender Eder Militao agreed to a move to Bernabeu in March, while Santos forward Rodrygo Goes will join up with the squad after agreeing his move last year.