Real Madrid announce signing of Jovic

Real Madrid's busy summer of transfer activity is well underway, with the signing of Luka Jovic officially announced this Tuesday.

The player arrives on a six-year deal and moves from Eintracht Frankfurt, where he played on loan from Benfica last season before the German side acquired his rights for six million euros.

His latest transfer to the Estadio Santiago Bernabeu is worth around 60m euros and 30 percent of the fee being paid by Real Madrid will go to Benfica as well.

It was reported on April 14 that Real Madrid wanted the Serbian striker and now Zinedine Zidane has his man.

Jovic played a key role in Bundesliga side Frankfurt’s run to the Europa League semi-finals before they were knocked out by Chelsea in a penalty shootout at Stamford Bridge.

He scored 27 goals in 48 appearances in all competitions for Frankfurt this season, including 10 in the Europa League.

Jovic spent two seasons on loan at Frankfurt from Benfica before the move was made permanent in April.

"Luka is a big loss for us. The word has spread in Europe about his explosiveness and his goal-scoring instinct. We've benefited not only from his goals over the past two years," Frankfurt director Fredi Bobic said.

We wish Luka only the best for his future. He has what it takes to have a great career. And we are proud that we were able to support him along the way."

Jovic is Zinedine Zidane's third signing of the summer, with a big rebuilding project underway after a disastrous 2018-19 campaign. Madrid have signed centre-back Eder Militao from Benfica for €50m, while forward Rodrygo will arrive from Santos this summer for €54m in a deal agreed last year.

On international duty with Serbia, Jovic will be expecting to add to his four senior caps in this week's Euro 2020 qualifiers against Ukraine and Lithuania.