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.