Sao Paulo: Cruzeiro have agreed to sell defensive midfielder Lucas Silva to Real Madrid, the Brazilian champions said on Thursday.
Spanish media reported the fee would be around 15 million euros ($17.4 million).
Silva, 21, is considered to be one of Brazil`s most promising young players and has represented his country at junior level.
"We have been in touch with Real Madrid since last year and we`re now discussing a fee," Cruzeiro`s director of football Valdir Barbosa told ESPN radio. "I think a deal should be complete by the start of next week."
Silva was released from training on Thursday to have a medical with the European champions, said reports.
His arrival could prompt the departure of Asier Illarramendi who is believed to be a target for Real`s struggling La Liga rivals Athletic Bilbao.