Chelsea have announced that the club has a agreed a fee with La Liga giants Real Madrid for the transfer ofRicardo Carvalho, subject to a medical.

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

"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."

Reports in the Spanish and Portuguese media on Tuesday evening had suggested that the defender was on the verge of joining Real, for a fee believed to be around £6.65 million deal. 

A move to Spain will see the 32-year-old reunited with his former coach and mentor Jose Mourinho, and although the Real coach has admitted his interest in the defender, it had appeared that the Portuguese tactician had all-but given up on landing his countryman.

"Ricardo is a good player, but he is of that age where if someone is looking to build a team for the future, he cannot think of him," Mourinho told reporters in Los Angeles.

"Ricardo is a man for the current moment, he is a man with a great professional and private life so he has no problem playing at a high level at the age of 32.

Nevertheless, the 'Special One' has seemingly succeeded in his pursuit, with Real's official website announcing that, "the player [Carvalho] will be under contract at Real Madrid for the next two seasons."