According to Real Madrid, Los Blancos have agreed to a compensation package with Inter Milan for the services of Jose Mourinho.
Real will pay the Italian club an €8 million (£6.7 million) fee to get the man known as "The Special One."
Real Madrid president Florentino Perez met with Inter's Massimo Moratti on Friday morning, and the two announced the decision at 5:00 pm GMT.
Mourinho will now be presented as the new Real Madrid coach at the Santiago Bernabeu at 1:00 pm GMT on Monday.
The "Special One" will sign a four-year contract, which will be worth €10 million a year.