Transfer News: Real Madrid Welcomes Franfurt's Luka Jovic

Eintracht Frankfurt striker Luka Jovic has completed a £52.4m (€60m) move to Real Madrid from his club, according to Sky sources.

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Concise News learned that the 21-year-old Serbia international signed a five-year contract with Real to earn £43.7m (€50m) in total or £8.7m in a year.

However, Frankfurt will pay Benfica, Jovic’s former club, around £10.5m of the transfer fee received from the Spanish giants.

The Serbian striker joined Frankfurt on loan from Benfica in the summer and last month Madrid showed interest in a permanent move.

Jovic has scored 17 goals in 31 Bundesliga appearances this season and 10 more in the Europa League, where Frankfurt lost to Chelsea on penalties in the semi-finals.