Real Madrid reached a verbal agreement to sign AS Monaco midfielder Aurelien Tchouameni in a transfer that could cost the European champions over €100 million, according to David Ornstein of The Athletic.

The France international’s transfer will be announced after the two clubs iron out the final details and complete regulatory procedures.

It’s understood Real Madrid will pay an initial €80 million, plus add-ons that could push the overall fee to at least €100 million, according to The Guardian’s Fabrizio Romano.

The 22-year-old, who starred for a Monaco side that finished third in Ligue 1 last season, dismissed interest from Liverpool, Manchester United, and Paris Saint-Gernain last month in order to join Carlo Ancelotti’s squad.

PSG were prepared to offer Monaco more than Real Madrid were, but the French side walked away from negotiations after it became clear Tchouameni had his heart set on a move to Los Blancos, Romano adds.

The reigning Champions League and La Liga winners will reportedly sign Tchouameni to a five-year contract.

Tchouameni appeared in 35 league matches last season, scoring three times and providing two assists. He earned a senior call-up to Didier Deschamps’ France squad in September and has since become a regular for the 2018 World Cup winner.

News of the reported agreement comes just over two weeks after Real Madrid missed out on Kylian Mbappe, who rejected a move to the Santiago Bernabeu in order to extend his stay at Paris Saint-Gernain.