Real Madrid have announced the purchase of England player Jude Bellingham from Borussia Dortmund for a sum of €103 million (about £88 million), which may grow to €133.9 million (approximately £114 million) with add-ons.
Under Carlo Ancelotti, the La Liga team failed to retain either the Champions League or the domestic league trophy this season, and have moved quickly to get the man who was widely regarded as their main target for the summer transfer window.
In an official announcement last week, Dortmund stated that they had struck an agreement to sell for €103 million euros (£86 million), but that additional €30 million may be added in the form of add-ons, but now Madrid has formally declared that the entire trade is done.
Bellingham has signed a six-season deal until 2029 and there will be a presentation on Thursday for his unveiling.
The initial Dortmund statement had read: “With realisation of this transfer, Real Madrid will pay BVB a fixed transfer compensation in the amount of 103.0 m. EUR. In addition, the payment of variable transfer fees up to a maximum total amount of around 30% of the amount of the fixed transfer fee has been agreed.”
Bellingham joined Dortmund in 2020 and was already attracting interest from Premier League clubs, and his form in Germany and with the England international team saw the list of admirers only grow.
He had been linked with most of the top sides in England, but Real Madrid emerged as favourites for his signature and they have now landed the 19-year-old midfielder, with current Real midfielders Luka Modric and Toni Kroos expected to be phased out over the coming season.
Bellingham enjoyed his best goalscoring form for Dortmund this season, hitting 14 goals in 42 appearances, and was one of England’s standout players at the 2022 World Cup in Qatar last year.