Real Madrid agree deal to sign Endrick from Palmeiras

Real Madrid have agreed a deal to sign Brazilian prodigy Endrick on a five-year deal from Palmeiras, sources have told ESPN.

According to sources, the transfer is valued at €72m, although the 16-year-old won’t be able to join Madrid until 2024 when he turns 18. It will be a five-year deal from the start of the July 2024 transfer window, according to sources.

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The official announcement is subject to Endrick signing the deal and other details that will be considered formalities provided both sides have reached an agreement on the terms of the transfer.

Endrick’s release clause has been set at €60m and sources say Real Madrid added €12m to that figure to stave off competition from other clubs and pay taxes.

Sources had told ESPN that the striker was being pursued by Chelsea and Paris Saint-Germain, but the 14-time Champions League winner now appears to have won the race for his signature.

ESPN previously reported that Real Madrid followed a strategy similar to the one that helped them sign Vinicius Junior in 2017 to add another young Brazilian to their squad.

Endrick only made his debut for Senior Palmeiras on October 6 but helped the Sao Paulo side win that year’s Brasileirao title and became the club’s youngest-ever goalscorer when he scored twice against Athletico Paranaense on October 25 . Real Madrid agree deal to sign Endrick from Palmeiras

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