Real Madrid 'sign Brazilian youngster Augusto Galvan'

Real Madrid have reportedly beaten Barcelona to the signature of Sao Paulo youngster Augusto Galvan.

The 17-year-old's current deal expires at the end of next month, and both Real Madrid and Barcelona have been credited with an interest in the teenage playmaker.

However, according to AS, a deal that will see Galvan move to the Bernabeu is '99%' done.

The same report claims that Sao Paulo will receive an initial £800,000 for the midfielder, while the rest of the fee, believed to stand in the region of £1.5m, will be paid based on objectives achieved.

Real Madrid are understood to have tracked Galvan's development in Brazil since 2015.