The 21-year-old Serbia international emerged as one of the most sought-after talents in European football during the 2018-19 campaign.
His return of 27 goals in 47 appearances attracted plenty of attention, with Real one of several sides to cast admiring glances in his direction.
Those at the Santiago Bernabeu have now won the race for the forward’s signature, with Jovic tied to a deal through to the summer of 2025.
A brief statement from the Liga giants on their official website read: “Real Madrid CF and Eintracht Frankfurt have agreed to the transfer of player Luka Jovic, pending a medical examination.
“The player will be tied to the club for the next six seasons, until June 30, 2025.”
Real were expected to spend big this summer after enduring a testing 2018-19 campaign.
It is suggested that they have parted with around €70 million (£62m/$79m) in order to bring in Jovic.
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