Rodrygo’s club Santos confirmed the deal on Friday on social media, although the player won’t join the Champions League winners in the 2018-19 season.
While Santos haven’t released the details regarding the fee, it is reported to be the largest sum ever received by a Latin American club.
The Brazil star has scored nine goals for Santos and is the first signing in the Julen Lopetegui era for Los Blancos.
O Santos Futebol Clube e o Real Madrid C.F. chegaram a um acordo para a transferência futura do atleta @RodrygoGoes. A ida do atleta ao clube espanhol está programada para julho de 2019.
Mais detalhes em https://t.co/XLLTyz4MaT pic.twitter.com/YLZ5O6J1ub
— Santos Futebol Clube (@SantosFC) June 15, 2018