File Photo: Ivory Coast's Yan Diomande (11) moves the ball during the World Cup round of 32 soccer match between Ivory Coast and Norway in Arlington, Texas. AP
The Spanish powerhouse said Thursday that the 19-year-old forward will be linked to the club for the next seven seasons.
Diomandé had an outstanding World Cup, and some Premier League teams were reportedly interested in signing him. Leipzig had been saying he was not for sale.
Ivory Coast was eliminated by Norway in the World Cup round of 32.
It was not yet clear if Diomandé would initially be registered with Madrid's B squad.
Madrid's main team has been revamped since a disappointing end to last season. The new signings who will be coached by José Mourinho include playmaker Bernardo Silva, center back Ibrahima Konaté, right back Denzel Dumfries and left back Marc Cucurella.
(For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.)
Short link: