Borussia Dortmund have announced the sale of Jude Bellingham to Real Madrid today.
BVB made the sale official with a statement to the German stock exchange.
Bellingham moves to Real for 103m plus a further 34m in bonuses - not exceeding 30 per cent of the original fee.
Real management are happy with the deal, convinced they talked down BVB from their original 120m valuation.
Bellingham has signed for six seasons at a salary of 13m.
Real Madrid intensified contacts with the player's entourage, with whom there is an excellent relationship, during the last national team break in March, to leave everything tied up and agreed.