Real Madrid prepare €100 million deal for Santos starlet Neymar

The biggest summer transfer saga could well be Neymar’s exit from Santos with both Real Madrid and Barcelona vying for the Brazilian’s signature.

Despite saying last week that he is happy to stay in Brazil until after the World Cup in 2014, it is understood Santos are now keen to offload Neymar after he told the club he would not be signing a new deal.

Madrid based paper Marca claim today that Real Madrid are preparing a 100 million euro deal to sign Neymar and president Florentino Perez has been negotiating for the last two months.

The transfer of Neymar to Real Madrid would be mammoth and has been compared in style to that which brought Cristiano Ronaldo to the Bernabeu in 2009.

Neymar earns 7.2 million euros a season currently and with sponsorship from the likes of Nike, Red Bull and Panasonic – Real Madrid are attempting to pave the way with all parties.

Los Blancos would pay 10 million euros a season to Neymar, according to Marca and would hold 70% of his image rights.

But, negotiating for Neymar is not simple as he is partly owned by Santos, a group of investors and the father of the Brazil international.

Also complicating any move is Barcelona’s interest, with the Catalans having already signed a pre-contract agreement with Neymar.

Meaning a large chunk of Real Madrid’s 100 million euro fee (around 40 million) would have to be paid to their great Spanish rivals in compensation.

Two Brazilian law firms are working on the deal for Real Madrid and the tug of war for Neymar, from Spain’s top two, looks set to dominate the sports pages over the next few months.