Luka Jovic 'agrees £51m Real Madrid transfer' to end Chelsea hopes of signing Frankfurt star

REAL MADRID have reportedly agreed a £51million fee to sign Serbian wonderkid Luka Jovic from Eintracht Frankfurt.

It will come as a bitter blow to Chelsea who were said to be planning a summer swoop.

Spanish newspaper AS is reporting that Frankfurt will bag £41m of the fee, with £10m going to his previous club Benfica as a result of their 20 per cent sell-on clause.

The 21-year-old is set to sign a six-year contract at the Bernabeu.

Jovic only joined the German club in April, after they opted to make his move permanent.

It is believed he joined for as little as £5m.

The Serbian was on the radar of Chelsea boss Maurizio Sarri this summer, transfer ban dependent.

And scoring a goal for Frankfurt against Chelsea in their Europa League semi-final first leg clash will have only impressed the Italian gaffer.

According to Alfredo Pedulla, Sarri is a huge fan and considers Jovic one of the best strikers in Europe.

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The Italian boss was reportedly willing to pay the £51million needed to see him in Blue.

Jovic, 21, has scored 26 goals in all competitions this season.

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