Real Madrid are closing on a deal for Inter Milan captain Mauro Icardi it is being claimed.

Spanish pundit Pipi Estrada revealed on El Chiringuito de Jugones that Real had already agreed a €92m deal with Icardi, which would see Los Blancos pay €80m up front and €12m in bonuses.

Furthermore, the Argentine would earn a salary of €9m after tax and pocket 30 percent of his image-rights income, with the other 70 going to Los Blancos.

Estrada claims Icardi's medical in Madrid is scheduled for the end of the month.

The news emerges after it was revealed the Real board agreed new signings were needed in January.