That fee could rise up to a total of £51.5m dependant on how he performs at Real.
The Bernabeu outfit are ready to splash the cash in order to beat their bitter foes to the starlet – although he will not link-up with his team-mates immediately.
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Junior is expected to stay on loan at Flamengo for another year before switching to Spain in 2018.
The versatile attacker can play anywhere across the front line and has been heralded as “the pearl” of Brazilian football.
The Catalans believed the lure of playing alongside Samba Boy icon Neymar would help to swing the deal in their favour.
The La Liga giants are prepared to pay £38million to beat rivals Barcelona to his signatureGetty ImagesFlamengo star Vinicius Junior is only 16-years-old but is already wanted by a host of top clubsEPAVinicius Junior is due to stay at Flamengo on loan for a season before moving to Madrid in 2018Getty Images
But they, and a number of Premier League clubs, have been beaten to the punch.
Europe’s super clubs were desperate to get their hands on Junior after his impressive displays for his country at the South American Under-17 championships.
Zinedine Zidane is set to have the Brazilian wonderkid in his squad in 2018EPABarcelona were hopeful that the lure of playing with Neymar might swing the deal in their favourRex FeaturesJose Mourinho’s Manchester United were also said to be interested in the starletRex Features
He was named the best player at the tournament and his seven goals led to him claiming the golden boot as his country won the competition.
Chelsea and Arsenal were linked with a potential move for the ace.
While Flamengo’s former president claimed that Manchester United representatives had also enquired about the striker.
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