English teenager Jude Bellingham to join Real Madrid from Dortmund

English teenager Jude Bellingham will move from Borussia Dortmund to Real Madrid for a fee in excess of 100 million euros ($107 million), the German side announced on Wednesday.

Dortmund confirmed the two teams had reached a "mutual agreement" over the transfer of the 19-year-old in the summer.

The publicly listed club said it would receive a fee of 103 million euros in addition to a variable amount "up to a maximum total amount of around 30 percent" of the fixed transfer fee, depending on team and player bonuses.