Thibaut Courtois is to join Real Madrid in a deal that will see Mateo Kovacic move to Chelsea on a season-long loan.
After months of speculation surrounding the Belgium goalkeeper, the 26-year-old has got his wish to swap Stamford Bridge for the Bernabeu.
Courtois is moving for a reported £35million and Croatia midfielder Kovacic will be coming the other way on loan.
A statement from Chelsea read: "Chelsea and Real Madrid have tonight agreed terms for the permanent transfer of Thibaut Courtois subject to the agreement of personal terms and passing a medical.
"Subject to the completion of the deal Mateo Kovacic will join the Blues on a season-long loan."
Real Madrid confirmed Courtois will undergo a medical on Thursday morning before signing a six-year deal.
The Belgium goalkeeper will be presented at 1pm local time before attending a press conference.
It was reported today that Chelsea are set to sign Athletic Bilbao keeper Kepa Arrizabalaga for a fee speculated to be in the region of €80 million.