Real Madrid president Florentino Perez has reached a compensation agreement with Jose Mourinho. Mourinho's current deal runs to 2016, but he has agreed to leave Real at the end of the season for a €10 million pay-out, says Cadena COPE.

Perez feels he needs to get past all the controversy around Mourinho to be sure of re-election this summer and an agreement to part ways in June is now in place.