Hofman: Endrick is a phenomenon (1:37)Gustavo Hofman explains the playing style of Brazilian wonderkid Endrick after sources confirm Real Madrid have agreed a deal with Palmeiras for the 16-year-old striker. (1:37)
Real Madrid have agreed a deal to sign Brazilian wonderkid Endrick on a five-year contract from Palmeiras, with the 14-time Champions League winners only waiting on the forward’s signature to make it official, sources have told ESPN.
Sources said the transfer is worth EUR72 million, although the 16-year-old will only be able to move to Madrid in 2024, when he turns 18. It will be a five-year deal from when the transfer window opens in July 2024, according to sources.
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The official announcement depends on Endrick signing the contract, although this is thought to be a formality given both sides have reached an agreement on the terms of the transfer.
Endrick’s release clause was set at EUR60m, but sources said Real Madrid increased their offer to ward off competition from other clubs and account for taxes in a package valued at EUR12m.
Sources had told ESPN the forward was being pursued by Chelsea and Paris Saint-Germain, but Madrid now appear to have won the race for his signature.
ESPN previously reported that Real were using a similar strategy to the one which helped them sign Vinicius Junior in 2017 to incorporate another young Brazilian into their squad.
Endrick only made his senior Palmeiras debut on Oct. 6 but helped the Sao Paulo team win this year’s Brasileirao title and became the youngest goalscorer in the club’s history when he scored twice against Athletico Paranaense on Oct. 25.