Real Madrid have agreed to sign River Plate's young forward Franco Mastantuono for an initial fee of about $45 million, a spokesman for the Argentine club told Reuters on Thursday.

Real Madrid has taken another step in its commitment to young talent with the signing of Franco Mastantuono, one of the biggest promises in South American football. According to sources close to River Plate, the agreement between both entities is already closed, and the transfer will be finalized for a sum close to 40 million euros.

A representative of Real Madrid is in Buenos Aires to try to close the signing of River Plate star Franco Mastantuono, a source has told ESPN.