Jose Mourinho will leave Real Madrid at the end of the season after a turbulent three-year spell in charge of the Spanish giants, club president Florentino Perez has confirmed.
"After the conversations we have had with our coach Jose Mourinho we have arrived at an agreement to end our working relationship at the end of this season," Perez told a press conference yesterday.
"The coach and the club agreed this is the right moment. I want to thank Jose Mourinho for the work he has done in the last few years."
Mourinho, who has been strongly linked with a return to Chelsea - a team he managed between 2004 and 2007, has endured a torrid final season in charge of Los Blancos culminating in Friday's defeat by Atletico Madrid in the Copa del Rey final that ensured Real end the season without a major trophy.
However, Perez denied that Mourinho had been sacked by the club and said they will not have to pay the Portuguese coach compensation despite the fact his current contract runs until 2016.
"No one has sacked anyone, it has been a mutual agreement," Perez said.
"It is not nice for anyone to have to leave but it is also true that after three years we both decided it was the right moment to break this relationship.
