Real Madrid and Atletico Madrid have finalised an agreement for the transfer of defender Theo Hernandez to the European champions, reports Marca.
Madrid have accepted Atletico’s request to pay €26m (£22.7m), €2m (£1.7m) more than the value of the full-back’s buyout clause. Real will pay the full amount in four instalments.
Theo will be presented as a new Real Madrid player in the first week of July.
Hernandez, 19, has been part of the Los Rojiblancos youth system since 2008, and his move will be seen as a huge slap in the face for the Atletico hierarchy.
And the additional payment is meant to be a gesture of good will to help ease the rift between the clubs.
Real’s approach for Hernandez – who spent last season on loan at Alaves – breaks a 17-year-old ‘non-aggression pact’ between the bitter Madrid rivals.
Hernandez played 38 goals in all competitions and netted twice as the newly-promoted side finished a creditable ninth in La Liga.
He will now become the first player since Santiago Scolari in 2000 to make the switch from Atleti to Real.