Serbia's Luka Jovic (right) duels for the ball with Norway's Marcus Pedersen during the UEFA Nations League soccer match between Serbia and Norway at the Rajko Mitic Stadium in Belgrade, Serbia, June 2, 2022. (DARKO VOJINOVIC / AP)

MADRID - Real Madrid is on the verge of solving the problem of what to do with Serbian striker Luka Jovic after three disappointing seasons with the club.

According to the Spanish and Italian press, Real Madrid has reached an agreement with the Italian outfit, Fiorentina for the 24-year-old to join on a free transfer, with Real Madrid maintaining 50 percent of his rights and entitled to half of any future sale.

The move will put an end to what has been a poor piece of business by the Spanish club, who paid 60 million euros to buy Jovic from Eintracht Frankfurt in 2019 while paying him 8 million euros a year in wages.

In the three years since signing for the club, Jovic has scored just three goals in 51 appearances and played just 1,566 minutes of first-team football.

READ MORE: Bale set to join MLS side Los Angeles FC

Levante's Spanish defender Rober Pier (second, left) and Levante's North Macedonian forward Enis Bardhi (right) vie with Real Madrid's Serbian forward Luka Jovic (center) during the Spanish League football match between Levante UD and Real Madrid CF at the Ciutat de Valencia stadium in Valencia on Aug 22, 2021. (JOSE MIGUEL FERNANDEZ / AFP)

In a bid to help him recapture his form, he was loaned back to Eintracht for the second half of the 2020-21 season, scoring four times in 18 appearances for the German side, but last season saw Jovic score just once in 19 appearances for Real Madrid, who is keen to move him on.