Real Madrid Set To Pay €72m To Sign Wonderkid Endrick From Palmeiras

Real Madrid will reportedly pay Palmeiras’ €72 million asking price for 16-year-old starlet Endrick, but sign him in 2024.

• Madrid ready to satisfy Palmeiras' asking price
• They must wait until he turns 18 in July 2024
• The player has not yet been informed of a possible deal

WHAT'S HAPPENING?

Source: gettyimages

The European and Spanish champions will agree with the transfer fee in installments right after the forward is available in the transfer market in July 2024 as the young star turns 18 and will be eligible to move abroad. Real Madrid set to sign Wonderkid Endrick from Palmeiras. 

THE BIGGER PICTURE:

Source: gettyimages

According to Fabrizio Romano, Madrid "are closing in on the signing of Endrick from Palmeiras." This followed the PSG leaving the race for the Brazilian prospect after getting a couple of bids denied by Palmeiras.

Just like Vinicius Júnior or Rodrygo in the past, the young star is poised to end up at Real Madrid. The Real Madrid board of directors even wants to seal a deal this December. To sell Endrick, the Brazilian club expects 60 million euros for their striker, the amount of the termination clause present in the player's contract. And Los Blancos is willing to agree with Palmeiras' demands but hopes to distribute the payment in the following way: a fixed amount paid immediately and bonuses linked to objectives to match the expected amount. On both sides, for the moment there is no comment on the progress of the negotiations.

AND WHAT'S MORE:

Source: gettyimages

Palmeiras will gain €60m (£52m/$63m) tax-free from the sale of Endrick as Madrid have agreed to pay €12m in transaction taxes.