Baku, June 7, AZERTAC

Real Madrid have reached an agreement with Borussia Dortmund to sign Jude Bellingham, according to The Athletic.

Madrid are set to pay Dortmund in excess of €100million (£86m; $107m) in what will be one of the highest-value transfers in the history of both clubs.

The deal is not yet signed but that is among the formalities that will follow. Bellingham, 19, is expected to undergo a medical in the coming days.

Dortmund later confirmed news of the agreement on Wednesday afternoon. A club statement read: “With realisation of this transfer Real Madrid will pay BVB a fixed transfer compensation in the amount of 103.0m EUR.

“In addition, the payment of variable transfer fees up to a maximum total amount of around 30 per cent of the amount of the fixed transfer fee has been agreed. Such variable transfer fees are dependent on the achievement of certain sporting successes by Real Madrid and/or sporting successes or performances of the player at Real Madrid in the period of the next six seasons.”