Chelsea and Real Madrid have reached terms over a fee for Eden Hazard.

The Mirror says Hazard is on his way to Real Madrid after the Spanish giants agreed an initial £88million deal with Chelsea .

In a stunning piece of business for a player out of contract in a years' time, the Blues could rake in as much as £130m should the 28-year-old Belgian achieve a number of “easily reachable" bonuses.

Hazard will sign a six-year deal at the Bernabeu after spending seven years in London at Stamford Bridge. He is expected to get the no.7 shirt rather than the no.10 shirt currently occupied by Luka Modric.

The former Lille star will be the third signing of Zinedine Zidane's revamp at Madrid this summer following the captures of Porto defender Eder Militao and Eintracht Frankfurt striker Luka Jovic.