Atletico Madrid have signed Portugal forward Joao Felix for 126m euros (£113m) from Benfica in the fifth most expensive transfer in history.
Benfica have confirmed Atletico will pay the fee in instalments, after bidding 6m euros more than the 19-year-old's 120m euro release clause.
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Only Neymar, Kylian Mbappe, Philippe Coutinho and Ousmane Dembele have moved for more money.
Felix made his senior debut in August and scored 15 goals last season.
He is now the second-most expensive teenager following the 180m euros paid to Monaco by Paris St-Germain for France forward Mbappe in 2018.
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More to follow.
Source: bbc.com