The Spanish giants will pay City an initial fee of £15.5m for the 19-year-old, which could rise to £22m through a series of add-ons.
City have a 15% profit on any future sale, but that will rise to 40% should Madrid sell Diaz to Manchester United.
A Real Madrid statement said: “Real Madrid and Manchester City have agreed to the transfer of the player Brahim Diaz, who will be committed to the club for the remainder of the season and the next six, until June 30, 2025.
“After a medical examination to be held tomorrow, Monday January 7, the player will be presented at 1:30pm at the Santiago Bernabeu stadium.”
Diaz had rejected City’s offers of a new contract and was due to become a free agent in the summer.
“Today I close a chapter of my life and I say goodbye to Manchester City, the club where I have grown.
“I came here being a kid and now I am a professional footballer. Thank you to all the managers in the club, from the academy to the first team, for believing in me because they taught me not only to be a better player, but a better person,” Diaz said in a statement on Instagram.
Ronaldo states how many FIFA World Cups he would have won with Brazil
Danilo, who also played alongside Ronaldo during their time at Real Madrid, made the revelation when speaking to DAZN Brazil.
“I knew him from our time at Real Madrid and it was nice to be back with him at Juve,” Danilo said.
“Along with his great quality, Ronaldo has this attention for detail that really explains the results he has achieved.
“He even told me that, if he had played for Brazil, we would’ve won another five World Cups already.”
Ronaldo, a five-time Ballon D’ Or winner, has been impressive for both club and country so far this season.
The 34-year-old is among the 30-man shortlist for this year’s Europe top individual prize alongside Barcelona’s Lionel Messi and Liverpool’s Virgil van Dijk.
Fear as Ekiti varsity makes move to fire 500 Staff
The staff, according to multiple sources, were those that were employed by the immediate past Vice-Chancellor, Prof Samuel Oye Bandele during his tenure.
Again, some professors, who were promoted during that time might be demoted over allegation that academic due process was not strictly adhered to in their elevations.
One of the affected persons, who craved anonymity, said the new management, headed by Pro-Chancellor and Chairman of Council, Prof Bamitale Omole, had consistently been complaining that over-bloated workforce exists in the university and that prompt action must be taken to rectify it.
The Academics Staff Union of Universities, EKSU chapter, had in September threatened to embark on strike owing to the inability to pay their salaries and other benefits.
The ASUU chairman, Dr Kayode Arogundade, disclosed that the monthly wage bill of the university had increased from N380 million to over N502 million, while the monthly subvention from government stood at N260 million, leaving the university to grapple hard to make up for the N262m shortfall internally.
The source, who was employed as an academic staff said: “yes, it was true, the management will soon issue out sack letters to over 500 staff because of complains that the university was overstaffed.
“We have been notified and anytime from now, the letters of disengagement will be distributed and this has been creating panic and tension in the university “, he said.
It was also gathered that some lecturers, who circumvented academic process to earn their professorial titles and other positions, will be demoted.
Debunking the allegation, the EKSU’s Public Relations Officer, Mr. Bode Olofinmuagun, said the management has no plan to sack or demote any worker.
“There is no tension on campus over sack issue. I am on campus as I speak with you. The university is peaceful and I am not aware of any such plan”, he said.
House Speaker Gbajabiamila congratulates Lyon, Bello, appeals for support for APC
Gbajabiamila, in a congratulatory message by his Special Adviser on Media and Publicity, Lanre Lasisi, said the victories recorded by the APC candidates in the two States was an indication of the wide acceptance of the party in the two States.
The Speaker said Bayelsa State, in particular, has now joined the Next Level train, having seen the massive change driven by the APC-led government at the federal level.
“It is gladdening to know that our party, the APC, came out victorious in the governorship elections in Kogi and Bayelsa States. This is a testimony that Nigerians across the length and breadth of the country are beginning to realise what the APC means for the country.
“This victory is not for the party or its members alone, but for the entirety of Nigerians.
“May I call on the two governors-elect to be magnanimous in victory. The APC stands for the good of Nigerians, and I know the two governors-elect are part of the journey to make Nigeria better,” the Speaker said.
He called on the people of the two States, including members of the opposition parties, to join hands with the governors-elect to make their States great.
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