Real Madrid have reached a verbal agreement to sign Marc Cucurella from Chelsea in a package worth up to €60m (£52m).
The deal is broken down into an initial £47.4m fee (€55m/$63.5m) with an additional £4.3m (€5m/$5.7m) in potential add-ons.
Cucurella,27, only signed a new deal at Stamford Bridge last summer, but sources say Cucurella was open to leaving after the club missed out on European football following a tenth-place finish in the Premier League.
The Spain left-back, who joined Chelsea for £63m from Brighton in 2022, was understood to have been keen to return to Spain, having come through Barcelona’s academy. He had been linked with Atletico Madrid and a move back to Barcelona.
Cucurella had three years left on his contract, despite agreeing improved terms without an extension last season, which is likely to have played a part in Chelsea’s decision to accept the offer.