The Portuguese side have agreed to sell the 23-year-old for his €30million buy-out clause.
Benfica confirmed in a statement: “Sport Lisboa e Benfica, in agreement with the terms of article 248 of the stock market values code, informs that it has reached an agreement in principle with Real madrid FC for the complete transfer, total sporting and economic rights of the athlete Fabio Coentrao for the value of €30 million.”
Coentrao is set to undergo a medical and is expected to sign a five-year contract with the Spanish side.
The statement continued: “The aforementioned agreement will be formalised as soon as the player concludes the medical examinations he will be undertaking with the consent of Sport Lisboa e Benfica, and a working contract between the player and Real Madrid FC agreed.”
