CNN —Real Madrid has signed the highly-touted 16-year-old Brazilian forward Endrick from Brazilian club Palmeiras, both clubs announced on Thursday.
“Real Madrid C. F., Sociedade Esportiva Palmeiras, and Endrick and his family have reached an agreement that allows the player to join Real Madrid when he reaches legal age in July 2024,” the Spanish club said in a statement.
“We’ve completed the biggest negotiation in the history of Brazilian football,” said president of Palmeiras, Leila Pereira.
Heuler Andrey/Getty Images South America/Getty ImagesThe Brazilian club kept the terms of the deal confidential but according to renowned Italian football journalist Fabrizio Romano, Real Madrid signed the teen phenom for a €60 million fee ($63.6 million), and will pay €12 million ($12.7 million) extra money in taxes.
According to Palmeiras, Endrick is the only player ever to be crowned champion for the Alviverde in all age categories, including with the Sub-11, Sub-13, Sub-15, Sub-17, Sub-20 and the first team.