Porto FC has signed a deal with Real Madrid over the transfer of Spanish goal-keeper Iker Casillas.
The 34-year old player, who still has one year left on his contract, will be leaving the Spanish Giants after 25 years, the BBC reported.
During his stay at Real, the club has won three Champions Leagues and five La Liga titles.
Casillas holds the record for the most number of Spanish caps (162) and has also won two European Championships and the World Cup.
It is believed that Manchester United goalkeeper David De Gea will replace Casillas at Real Madrid.