Luka Jovic will leave Real Madrid permanently this summer

with Fiorentina set to land the Serb on a free transfer.

The 24-year-old has endured a torrid three years in Real following his €65m move from Frankfurt

managing just three goals and five assists in 51 appearances

and he was expected to head out to Fiorentina on loan this summer.

However, numerous reports have now revealed that not only will Jovic's exit be permanent

but it will also be a free transfer. Real will not demand any compensation for Jovic

but in exchange, Fiorentina have agreed to hand Los Blancos 50% of any future sale of the striker.

Jovic has also agreed to a lower wage in Florence