The Serbian will spend the remainder of the season at his former club Eintracht Frankfurt.
As per reports in Germany, the Bundesliga side will cover only 20% of the player's wages during his six-month stay at the Waldstadion.
Jović signed for Real Madrid from German club Eintracht Frankfurt for a reported €60 million on 4 June 2019 on a six-year contract but has failed to impress as so falling down the pecking order of strikers in Bernabeu.
The forward didn’t travel to Malaga with the rest of the Real Madrid squad ahead of their Supercopa de Espana clash with Athletic Club Bilbao to make sure the deal goes through.
Eintracht is currently ninth in the Bundesliga and have already been eliminated from the German Cup.
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