The 20-year-old attacking midfielder joins Real Madrid and the Spanish club will loan him back for 1 year.
According to the earlier report of Spanish paper AS, the Aragon based club will receive 2.5 million euro (plus add-ons) for his services and the player will pen a five-year deal.
The 20-year-old made 29 appearances in a breakout season in the Segunda Division last term, scoring twice.
The former Spain U18 international signed an extension with Zaragoza through 2022 last fall, but his standout campaign has earned him a move to Madrid.