European champions Real Madrid have announced the signing of Porto right-back Danilo, with the Brazil international to complete his transfer ahead of the 2015-16 season.
Real made the announcement on Tuesday, confirming Danilo's contract will see him remain in Madrid until at least June 30, 2021, ending weeks of speculation after coach Carlo Ancelotti was forced to deny a deal was already in place at the start of March.
Porto released a statement to the Portuguese stock exchange stating the transfer fee for the 23-year-old is €31.5 million.
Danilo is expected to assume right-back responsibilities ahead of Dani Carvajal next season.
The 11-time Brazil international has made over 130 appearances in all competitions for Porto following his arrival from Brazilian outfit Santos in 2012.
Danilo won back-to-back Primeira Liga titles at Estadio Dragao between 2011 and 2013.