Benfica have confirmed one of the Spanish football club giant, Atletico Madrid, will pay the fee by installments, after bidding 7m euros more than the 120m euro release clause on the club official Twitter handle.
Only Neymar, Kylian Mbappe, Philippe Coutinho and Ousmane Dembele have moved for more money than the 19-year-old starlet.
He made his senior debut in August and scored 15 goals last season as Benfica won the title.
Felix is now the second-most expensive teenager following the 180m euros paid to Monaco by Paris St-Germain for France forward Mbappe in 2018.
The former Porto youth player made his international debut against Switzerland in the Nations League semi-final in June.
He scored a hat-trick against Eintracht Frankfurt in the Europa League in April, becoming the youngest Benfica player and the youngest Portuguese footballer to score three goals in Europe and the youngest player ever to do so in the Europa League.
