Real Madrid have contacted Bournemouth to inform them of plans to meet Dean Huijsen's buyout clause.
It emerged on Wednesday that Real Madrid had reached personal terms with the newly-capped Spain international.
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And now the Daily Echo is reporting this morning that Real have told the Cherries of their intention to pay Huijsen's clause.
Real have agreed to meet the £50m fee and also have reached an agreement with Bournemouth over the payment structure. Real will pay the fee over three installments.
Real want a deal struck quickly as they want Huijsen registered in time for the Club World Cup next month.
For his part, 20 year-old Huijsen has long favoured a move to Real Madrid should he choose to leave Dean Court this summer.