Real Madrid will present Jose Mourinho as the new manager of the Spanish club on Monday.
Real made the announcement on Friday, two days after confirming they had sacked coach Manuel Pellegrini.
It is understood Inter were originally demanding a €16m (£13.6m) severance fee to allow Mourinho to leave his post at the San Siro two years early.
But it is understood that Real president Florentino Perez flew to Milan on Friday, where he agreed an €8million (£6.8m) deal with Inter chief Massimo Moratti to bring the Portuguese boss to the Bernabeu.
"The president Massimo Moratti and Florentino Perez met this afternoon," said a statement on Inter's official website.
"In light of the excellent and constructive relations of friendship that exist between the two clubs, an agreement was reached on the contractual clause that binds Jose Mourinho to FC Internazionale.
"The time and the manner by which the agreement will be honoured has been
defined.
"Massimo Moratti thanks Florentino Perez for his willingness to join him in
Milan and for his courtesy, which confirms, once again, the strong link between
the two prestigious club."
Mourinho, who guided Inter to a record treble of trophies this season, will be presented as the new coach on Monday.
skysports.
Wah! I think this couach is the most expensive coach signing at €8million.
Liverpool fans sure wish Inter is willing to part with this money to take Rafa away from Anfield.
I think it will cost twice as much ($16m) to buy Rafa from Liverpool...
Next season I dun think Barcelona can beat RM that easily, as compared to the last 2 seasons, where barcelona easily beat RM home and away. La Liga is a 2 horse race, its either RM or Barcelona for the title.
Originally posted by zocoss:I think it will cost twice as much ($16m) to buy Rafa from Liverpool...
and thats not inclusive of all the transfer money he's gonna waste on players yet.