Official: "Real" completed the acquisition of Endrick. © Reuters

Madridthe official “Real” club officially announced on Thursday about the agreement reached with the “Palmeiras” club for the acquisition of Endrick.

The Brazilian talent, who is only 16 years old, will cost the “royal” club a whopping 35 million euros, a sum that could even reach up to 60 million.

The player will only join “Real” in the summer of 2024 when he turns 18. Until then, the forward will remain with “Palmeiras.”

Endrick's contract will be valid until the summer of 2027, but there is a possibility to extend it for up to three more seasons.