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The fee involved in the transfer of Gareth Bale to Real Madrid is believed to be £85.3million.
This is a new world record, beating the £80million paid by Madrid to sign Cristiano Ronaldo.
Bale has signed a six-year contract, in which he will earn around £256,000 a week. This means that the Welshman has more than trebled his salary.
The 24-year-old arrived in Madrid last night and has been under-going a medical this morning.
If all goes well he will be officially unveiled as a Real Madrid player later on today.
Just like all big signings at Madrid, Bale will be paraded around the Bernabeu stadium in front of 80,000 fans.
The transfer saga of the summer is about to come to an end.