Teenage forward Marco Asensio has revealed that he has agreed a deal to join Real Madrid.

The 18-year-old, who currently represents Mallorca, has accepted a five-year contract with the European champions.

"I've decided to join Real Madrid and I'm very happy," he told Cadena SER.

"I'm very eager for them to wrap everything up so everyone can have peace of mind, the club, me and Real Madrid. I'm honoured that one of the best clubs wants to sign me and the best is Real Madrid.

"The agreement is for five seasons and now, it's time to enjoy it. The friends I have that are Real Madrid fans are happy."

Asensio is expected to remain on loan at Mallorca for the remainder of this season, before officially joining next summer.