The 17-year-old is one of the Brazilian side’s highest regarded youngsters to come out of their academy for some time.
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According to Fabrizio Romano, Prates has agreed terms with Borussia Dortmund and will officially join in the summer.
It’s understood that the deal includes a €7m initial fee paired with €5m in performance-related add-ons.
The left-back will remain in Brazil to help his boyhood club in the first half of their season, which kicked-off with a 4-0 defeat to Botafogo on January 29th.