Madrid: Real Madrid will present Jose Mourinho as coach on Monday after agreeing an undisclosed compensation deal with Inter Milan, the Spanish club said in a statement on Friday.
The two club presidents held a meeting in Milan on Friday to thrash out details of the package that will free Mourinho to leave Inter and join the nine-times European champions after a treble-winning season in Italy.
Inter gave no details of the deal between their president Massimo Moratti and his Real counterpart Florentino Perez but Spanish and Italian media reported that Inter would receive eight million euros (6.8 million pounds).
Mourinho led Inter to three trophies last season, culminating in their Champions League final victory over Bayern Munich at Real`s Bernabeu Stadium.
Real turned to him after sacking Manuel Pellegrini this week following a trophyless season.
"We are convinced that we need a fresh impulse and we are convinced that Jose Mourinho is the right person to take on the job," Perez said at the time.