The deal that will take Bayern Munich star Toni Kross to Real Madrid is all but done, according to reports in Germany.

The 24-year-old ‒ who has only one year left on his contract at the Allianz Arena ‒ has rejected a new deal and Bayern are unwilling to improve their offer.

The Bild confirms that Kroos will be a Real player once the World Cup is over as he will sign a five-year contract at the Santiago Bernabeu until the end of the 2018/19 season for €6m (£4.7m) per campaign – an increase of at least €1m (£800,000) on the midfielder's current salary at the Bundesliga side.

Real Madrid are willing to pay €25m (£19.8m), while Bayern are holding out for €30m (£23.9m). But it is thought that they will reach an agreement somewhere in the middle as Kroos' superb performances in the World Cup have fully convinced Los Blancos – he helped Germany to trash hosts Brazil 7-1 in a historic semi-final on Tuesday (8 July) by scoring twice in two minutes.

It was reported that the Champions League winners were in advanced talks to secure Kroos – with Chelsea, Manchester United and Barcelona also monitoring the situation.

Earlier this week, the midfielder came out and confirmed that he has made a decision and it will be revealed after the World Cup in a week's time, saying: "I have made my decision. First I want to play the World Cup. Once it is over, I will make my decision public. There is still a week left to go."

Kroos has been a permanent fixture in Joachim Low's German team at the World Cup, but was not a consistent member in Pep Guardiola's Bayern starting XI during the previous campaign.

Reports in Spain claimed that Guardiola gave his approval for the sale of midfielder to Real Madrid as he does not want him in his side next season due Kroos' refusal to renew his contract – even though initially Bayern had no intention of negotiating the sale of the player.

Also Marca insists the deal is all but done and understand that the player denied it purely to remain focused on the World Cup and will not confirm the deal until after the Brazil tournament.