Real Madrid Transfer News: Los Blancos Close in on Bayern's Toni Kroos

Liam NewmanContributor IJuly 3, 2014

Germany national soccer player Toni Kroos attends a news conference in Santo Andre near Porto Seguro, Brazil, Wednesday, June 18, 2014. Germany play in group G of the 2014 soccer World Cup. (AP Photo/Matthias Schrader)
Matthias Schrader/Associated Press

La Liga giants Real Madrid are set to complete the signing of Bayern Munich’s Toni Kroos for a fee of €25 million, according to Carlos Carpio of Marca.

The midfielder had been linked with a move away from the Allianz Arena for some time, with Premier League clubs Manchester United and Chelsea amongst the list of clubs rumoured to be interested, according to Anthony Chapman of The Daily Express.

However, the Bernabeu giants have emerged as the leading contenders and are believed to be on the cusp of securing his signature.

Speculation surrounding the potential move had surfaced in recent weeks, which led to the Germany midfielder being questioned, per Marca’s Miguel Angel Lara, about the switch following his country’s 2-1 extra-time triumph over Algeria on Monday.

While Kroos refused to be drawn into the rumours, insisting his focus remains on the World Cup, it appears that confirmation of the deal is imminent.

Carpio claims that the two clubs have reached an agreement that will see the 24-year-old join the Champions League holders, and it is believe that the German international will sign a five-year deal with the Spanish club.

Kroos, who joined Bayern as a child and had worked his way through the club’s ranks, has one year remaining on his current deal in Munich, but his refusal to sign an extension had put the Bundesliga champions in a tough situation. With the possibility of the midfielder leaving in 12-months time on a free looming, the Germans had no choice but to accept a cut-price deal for one of their star assets.

While the deal looks near certain the player's agent, Volker Struth, denied reports that the switch had been finalised. Spanish newspaper AS have quoted Struth as saying:

Nothing has been made clear from our end. The signing has not been confirmed. I stand by my statement that nothing will happen until the end of the World Cup

According to Tom Sheen of the Independent, Kroos is currently paid £60,000-a-week at Bayern, and the player can expect a much larger pay packet in the Spanish capital. Meanwhile, his arrival may open the exit door for Blancos star Angel di Maria, who is being monitored by a host of clubs across Europe.

For now, Kroos will have his mind set on Friday’s World Cup quarter-final clash with France. He has been one of Germany’s star performers in Brazil, however, it seems virtually certain that his club future lay away from the country of his birth.

Would Kroos be the signing of the summer so far? Post your opinions below.