Jude Bellingham is set to join Real Madrid in a deal worth €103 million after the Spanish club reached an agreement with Borussia Dortmund.
The news was first reported by David Ornstein of The Athletic on Wednesday and has since been confirmed by both clubs.
Dortmund have released an official statement confirming the agreement with Real while outlining the structure of the deal, which reads:
“Jude Bellingham is about to transfer from Borussia Dortmund to Real Madrid CF. The parties have reached an agreement on the merits of this today.
The contractual details still have to be coordinated and documented. The realization of the transfer is also subject to proper and timely processing in accordance with the provisions of the FIFA Transfer Matching System (FIFA TMS).
“Real Madrid will pay BVB fixed transfer compensation of EUR 103.0 million.
In addition, the payment of variable transfer fees up to a maximum total amount of around 30% of the amount of the fixed transfer fee was agreed.
The variable transfer fees are dependent on the achievement of certain sporting achievements by Real Madrid and/or sporting achievements or performance by the player at Real Madrid over the next six seasons.”
Bellingham, who was named Bundesliga Player of the Season and impressed at the World Cup with England, is expected to undergo a medical in the coming days before completing his move to Santiago Bernabeu. The transfer fee is one of the highest in the history of both clubs.