Real Madrid are close to completing the signing of River Plate star Franco Mastantuono , sources have told ESPN, with the playmaker expected to arrive in August, after playing for River at the Club World Cup.

Madrid will pay a €45 million fee for Mastantuono, sources said -- although the structure of that payment is yet to be finalised -- and the player will sign a six-year contract until 2031.

ESPN reported on Wednesday that a Madrid representative was in Buenos Aires looking to push through a deal for the Argentina international, 17, amid competition from Paris Saint-Germain .

Mastantuono favoured a move to the Santiago Bernabéu, and his camp had put talks with PSG -- which were advanced -- on hold as they waited for Madrid to follow through on their long-term interest in the

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