MADRID (AFP) - Spanish champions Real Madrid have struck an agreement to sign FC Porto's Brazilian central defender Kleper Laveran Lima Ferreira, otherwise known as "Pepe," the clubs said Tuesday.
The Portuguese club put the fee at 30 million euros (42 million dollars).
Pepe has agreed a five-year contract and will "immediately" join up with the squad, Real said in a statement.
Porto said the deal was subject to the 23-year-old passing a medical.
Pepe has been a mainstay of Porto's back four since 2004 and has won two league titles as well as a domestic cup.
Real are currently on a new spending spree after Monday unveiling Bernd Schuster as coach in place of the sacked Fabio Capello.
The Spaniards have already added Schuster's fellow German Christoph Metzelder to their back four and are still chasing Romanian defender Christian Chivu of AS Roma.
Spanish media have suggested that Chivu is asking for too much money and also holding out for a move to Inter Milan.
Real said that they consider Pepe "one of the world's best central defenders" who "is second to none in the air."
On Metzelder, 26 and who was due for official presentation Wednesday, the club said on its website that he was in good shape but still had to be monitored "very closely" given his two recent Achilles tendon operations.
Spanish media also insist that Real will try to bring on board Chelsea's Dutch winger Arjen Robben in the coming days.
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