Kylian Mbappe will leave Paris Saint-Germain this summer.
Mbappe, out of contract in the summer, communicated his decision to Nasser Al-Khelaifi, the PSG president, on Tuesday and the club expect him to join Real Madrid.
The terms of the forward's exit are yet to be finalised as the two parties negotiate whether Mbappe will leave for a fee or sacrifice his own earnings. PSG expect Mbappe to keep his word that he would never leave on a free transfer.
It is understood PSG and Mbappe will make an announcement once this is agreed in the coming months.
Real Madrid hold a long-term interest in the 25-year-old forward, who would have to take a pay cut to join the Spanish side, even though they are prepared to make him the highest-paid player in their history.
PSG turned down a €220m (£188m) offer for Mbappe from Real Madrid in August 2021. The forward then chose to sign a new three-year deal with PSG that expires this summer.
If Mbappe were to extend his deal by a further year, PSG would value him at €150m (£128m) in the upcoming transfer window. They accepted a €300m (£256m) from Saudi club Al Hilal last summer, which Mbappe turned down.
Mbappe's departure will be the next step in PSG's plan to move on from the individualistic Galacticos era, instead favouring a more youthful squad focused on the collective. This began when Neymar, Lionel Messi, Sergio Ramos and Marco Verratti were allowed to move on.
The departure of Mbappe, whose wages cost PSG €200m (£171m) per year, will free up funds for the club to replace their star player and it is understood there are already plans to make multiple signings this summer.
Warren Zaire-Emery, 17, and Bradley Barcola, 21, have kick-started PSG's new project, with the French side boasting the youngest squad in the Champions League this season. Xavi Simons, 20, on loan at RB Leipzig, is another thought to be key to PSG's future.
PSG are expected to offer renewals to Simons and Zaire-Emery, while Barcola signed from Lyon on a five-year deal in the summer.
Skysports