The 16-year-old forward will join Madrid when he turns 18, the club said in a statement on Thursday. He will continue with Brazilian club Palmeiras until then.

Financial details were not immediately released, but Brazilian media said the deal was worth nearly 60 million euros ($64 million).

It's a similar agreement Madrid reached with Flamengo for Vinicius Junior and Santos for Rodrygo. Madrid paid the Brazilian teams some 45 million euros for each.

Palmeiras is the club from which Gabriel Jesus moved to Manchester City a few years ago.

Endrick is Brazil's most promising star. He turned professional after turning 16 and played a few matches for Palmeiras as a starter. Palmeiras, the club with the most titles in Brazil, won the Brazilian league this year.

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