Real Madrid is reportedly on the verge of signing Jude Bellingham from Borussia Dortmund for a transfer fee ranging from €100M to €120M.
According to Jose Felix Diaz, the chief reporter for Real Madrid at Marca, Manchester City and Liverpool have given up on their pursuit of the 17-year-old midfielder, as he has decided to join Los Blancos.
Borussia Dortmund had initially demanded €140M for Bellingham, but Real Madrid is not willing to go beyond their budget for the transfer.
The deal is not yet finalized, but negotiations are said to be progressing to the final stages.
Bellingham is expected to earn less at Real Madrid than he would in the Premier League.
However, the Spanish giants reportedly sent an emissary to Germany to convince Bellingham to follow in the footsteps of his idol Zinedine Zidane and join Real Madrid.
Renowned journalist Fabrizio Romano also confirmed the news on Twitter, stating that personal terms are almost agreed upon and a new meeting has been scheduled to finalize the deal with Borussia Dortmund.
Real Madrid is hoping to complete the signing this month to avoid any last-minute complications.