Spanish giants release statement confirming Mourinho exit.
Real Madrid club president Fiorentino Perez has confirmed that they will be parting company with manager Jose Mourinho at the end of this season, according to the Guardian.
The 50-year-old has had a difficult year with the Bernebeu club, failing to win a major trophy in a season for the first time in his career, and is widely tipped to be replaced by PSG boss Carlo Ancelotti.
Mourinho, meanwhile, will now be free to talk to Chelsea, as he seems likely to be heading back to Stamford Bridge after a six year absence, to replace departing interim manager Rafael Benitez.
Perez said: “We have decided to bring our relationship to an end at the end of the current season. The club and manager agree the timing is right to bring our relationship to an end.
“On behalf of the board of directors I would like to thank José Mourinho for all his hard work over the last three years. The team have improved in the last three years and we wish him all the best.”
Mourinho won two league titles in his time at Chelsea, but left the club in 2007 after falling out with owner Roman Abramovich, though the two now seem happy to work together again.
The Portuguese tactician went on to enjoy further success at Inter Milan, winning the Champions League in his second season at the San Siro, before being chosen to take over at Real Madrid.
He led Real to the title last season, but has failed to follow up his success this time round, and has fallen out with a number of the players in his squad.