Eintracht Frankfurt has confirmed that their striker, Luka Jovic, has completed a £52.4m (€60m) move to Real Madrid.
“Luka #Jovic will be leaving @eintracht_eng for an undisclosed fee, after signing a five-year deal with @realmadriden, subject to a medical,” a tweet from the Bundesliga club’s official handle read on Tuesday.
The 21-year-old Serbia international has agreed a five-year contract with the La Liga giants.
Jovic will earn him £43.7m (€50m) in total or £8.7m a year.
The striker joined Frankfurt on loan from Benfica in the summer and last month, the Bundesliga club exercised their option to make the move permanent.
Jovic has scored 17 goals in 31 Bundesliga appearances this season and 10 more in the Europa League, where Frankfurt lost to Chelsea on penalties in the semi-finals.