REPORT: Real Madrid set to spend €500m to land Neymar - FCNaija

La Liga By: Iseghohi Odianosen | 13/02/2018

Real Madrid president Florentino Perez is set to spend €500 million in the summer to land Paris Saint-Germain star Neymar, according to report.

The Real Madrid directors are keen on signing Neymar despite the huge financial involvement.

Neymar is a long-term target for Perez right from his days with Santos but the deal was hijacked by Barcelona in 2013.

Real Madrid president Perez named the best CEO in Spain 

Perez alerts Manchester United about Real Madrid defender 

The European Champions have been warned about the cost implication of the deal but Perez still wants to push for a move to sign the former Santos and Barcelona forward.

Esteve Calzada, CEO of 'PrimeTime Sports', produces a biannual study of the transfer market which is regarded highly across the high levels of football.

Calzada, reports Sport, believes it would take €250m to convince Paris Saint-Germain to sell Neymar after they parted with €222m to sign him from Barcelona. A five-year contract worth €40m-a-year would also need to be tabled.

But when the various government taxes are added, the operation will be breaking the €500m barrier should Florentino pursue it.