Real Madrid have confirmed the signing of Vinicius Junior from Brazilian side Flamengo.
The recently crowned Spanish champions took to their official website on Tuesday evening to make the much expected announcement.
It had been reported over the past number of days that 'Los Blancos' were keen to make the teenager the latest Galatico.
It is estimated that the transfer could set Madrid back by as much as £36m.
Despite the excitement surrounding Vinicius Junior's signing, Real fans may have to wait a while before they see him in action.
It appears that the youngster will remain with Flamengo until at least next summer and potentially for an extra year on top of this, unless the two clubs come to agreement in that time.
The 16-year-old has been on the radar of a number of Europe's biggest clubs, with Manchester United and Manchester City also reportedly interested.
Vinicius Junior has been dubbed 'the next Neymar' in his homeland, despite only making his first team debut earlier this month.
Vinicius Junior rabiscando sua timeline appreciation tweet✨ pic.twitter.com/xo9fu8RlkU— iFlamengoNews! (@iFlamengoNews) May 21, 2017
It has been his performances for the Brazilian junior sides, that has caused such a furore around Vinicius Junior.
Earlier this year, the attacker was named player of the tournament at the Under-17 South American Championships.
Vinicius Junior registered seven strikes which ultimately helped his country win the competition.