None of the three parties involved have announced the move.
But Tebas told Movistar+: "Yes, I'm practically convinced of it. It now seems certain that he won't continue his career at PSG and in Europe there are few teams that can afford him.
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"Furthermore, if we think that the English market has slowed down, everything suggests that his future is in a Spanish team. And in Spain only Real Madrid has the ability to buy him.
"I would almost say it's a certainty. I give him more than 99% chance that he will play for Real Madrid starting next season."