Spanish heavy weight Real Madrid reportedly have clinched the £53million deal involving Brazilian starlet, center-forward Neymar, who will arrive at the Santiago Bernabeu after the 2012 London Olympics next summer.

The 19-year-old sensation, who had previously attracted attention from high-profile clubs around Europe such as Manchester United, Inter Milan, Chelsea, AC Milan, Juventus and Real Madrid, has been one of the most impressive players in the Copa Liberatodores and for the Brazil national team.

Neymar, currently with Brazilian club Santos, was linked with Chelsea last January, but the player was redundant about a move to Stamford Bridge as he was content in Brazil. Now, however, according to his agent, the player is ready for a move that will land him in one of Europe's biggest clubs and will be beneficial to his cause, rather than a move to England.

Previously, Brazil legend Pele announced that Neymar has the potential to go head-to head with Barcelona and Argentinean sensation Lionel Messi as one of the most talented footballers on the planet.

Neymar will be a Real Madrid player in July, but he is not going there any earlier. He has not signed a contract as yet, a source told ESPNSoccernet.

The player is now expected to join Real on a contract that will see the starlet earn £1 million per month. Additional image rights, transfer fee and commercial agreements could well see the deal to vary somewhere around £150 million. The move will make Neymar one of the world's highest paid footballers and he will be earning the same as his soon-to-be team mate Cristiano Ronaldo.

Santos, however, are yet to mention a release date for the player, but is expected to happen sometimes next summer, according to an ESPN report.

Neymar da Silva Santos Junior, who joined Santos in 2003, made his first team debut six years later aged 17 in a 2-1 win against Oeste. He scored the decisive goal in a 2-1 win at Estsadio Vila Belmiro against Palmeiras.

Neymar has made 82 appearances for Santos and has scored 38 times. While with the Brazil national team, he managed to net eight times in 15 appearances.