The midfielder, who is set to leave Man City when his contract expires at the end of this month, is ready to make his way to the Spanish capital at the age of 31.
Midfielder Bernardo is, of course, expected to be unveiled as the latest addition to the first-team setup at the Bernabeu any day now alongside the likes of Ibrahima Konate, Denzel Dumfries and Marc Cucurella.
Jose Mourinho is organising a major rebuild at the club after two trophyless campaigns, which the board clearly aren’t happy with, as they splash the cash.
Fabrizio Romano reported on Tuesday afternoon that Silva has agreed on terms with Madrid in what looks like a done deal.
"BREAKING: Bernardo Silva has now officially signed his Real Madrid contract.
"Here we go from one week ago now confirmed as Portuguese midfielder joins on initial two year deal plus option to extend. Wanted by José Mourinho."
Silva leaves City after nine years at the club, during which he helped deliver every trophy possible, including six Premier League titles and a Champions League trophy.
Madrid’s rivals, Barcelona, were widely expected to bring Silva to the Camp Nou with a view to next season, but the club failed to move quickly enough.