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"We've decided to bring our relationship to an end at the end of the current season," Perez said. "The club and manager agree the timing is right to bring our relationship to an end. On behalf of the board of directors I would like to thank Jose Mourinho for all his hard work. The team have improved in his three years, and we wish him all the best. It was the right moment."
Mourinho has been widely speculated to be heading to his favourite team Chelsea,Madrid is currently shopping around for Mourinho's successor and even though Paris Saint-Germain coach Carlo Ancelotti has shown a very keen interest on taking over Mourinho's reign and the club Vis versa,PSG has so far declined Angelotti exit.
After winning the Champions league with Inter Milan Mourinho joined Madrid earning the most Randelas in the coaching profession,not only in Spain but the universe we know.
Mourinho's reign at the Estadio Bernabeu has been very controversial issues with players,media has been on the highest list with less trophies,yet Mourinho still is one of the best and successful managers in the soccer world.
He won the Spanish cup in 2011 with a record 100 points and La Liga the following season.
His return to Chelsea will mean he has a lot to prove and it has been rumoured Chelsea is going on a spending spree this year with an intention of capturing all trophies in 2014.