Real Madrid have agreed a deal to sign Santos wonderkid Rodrygo, according to the Brazilian club.
The transfer is a record a Latin American club, with Santos confirming that they will retain the 17-year-old for another season.
The transfer will be completed in July 2019, with Rodrygo set to further his development in Brazil during the 2018-19 campaign.
Santos have praised the conduct of Real throughout negotiations, saying: "Santos FC is grateful for the attitude and professionalism of Real Madrid CF in every process, as well as the family and representatives of the player, who have sought a transparent, and very good, negotiation for all parties.