Ricardo Carvalho looks set to be reunited with former Chelsea boss Jose Mourinho after the London club confirmed that they have agreed a fee with Real Madrid.

After working with Mourinho at Stamford Bridge and Porto, Portuguese international is set for a third stint at Real Madrid.

The 32-year-old's future at Stamford Bridge had been the subject of speculation for some time, with Carvalho himself revealing that he would jump at the chance of moving to Santiago Bernabeu.

The Portugal international will now travel to Spain to hold talks and undergo a medical at the Spanish giants before signing a two-year deal.

"Chelsea Football Club can confirm it has agreed terms with Real Madrid for the transfer of Ricardo Carvalho," a Chelsea statement read.

"The transfer is subject to a medical and the player agreeing personal terms.

"Chelsea would like to thank Riccy for his six years of service, and we wish him well in his future career."

A Madrid statement read: "Real Madrid CF and FC Chelsea have reached an agreement for the transfer of Ricardo Carvalho.

"The player will be linked to Real Madrid CF the next two seasons."