According to reports, football player Kylian Mbappe would get a signing bonus of at least $108 million if he signs with Real Madrid.

Mbappe and Real Madrid have agreed to terms for Kylian Mbappe to play for the Spanish team for the next five seasons, the club announced in a brief statement on Monday.

On social media, the 25-year-old World Cup winner said that joining the team feels “like a dream come true.”

After his highly anticipated transfer to Spanish powerhouse Real Madrid,

French football player Kylian Mbappe is set to get a signing bonus worth at least £85 million ($108.4 million) over the next five years.

Without providing any financial information, Real Madrid announced in a brief statement on Monday that they have negotiated an agreement for Kylian Mbappe to play for the team for the next five seasons.

When the 25-year-old World Cup winner’s

contract with Paris Saint-Germain expires at the end of June,it is anticipated that he will formally sign a free move to Real Madrid.

Regarding the deal’s financial specifics, media accounts have differed.

Real Madrid is anticipated to pay Mbappe’s signing bonus in installments throughout the course of his five-year contract, according to a report published on Monday by Sky Sports. The bonus is estimated to be little over £85 million.

In addition, the BBC said that Mbappe will keep a portion of his image rights in addition to receiving a signing bonus of €150 million ($162.9 million) over the following five years, or €15 million every season.

None of the reports could be independently verified by CNBC.

An inquiry for comment was not immediately answered by a Real Madrid representative. Mbappe has been contacted by CNBC for a response.

Real Madrid has long coveted Mbappe, who said on social media that joining the team is “like a dream come true.