A press conference will be held on Thursday to formally announce the Real captain’s departure after 16 years at the club.
A short statement on the club’s official website read: “Real Madrid CF announces that today, Thursday, June 17, at 12:30 pm, there will be an institutional act of tribute and farewell to our captain Sergio Ramos, with the presence of our president Florentino Perez.
After that, Sergio Ramos will appear before the media at a telematic press conference.”
Ramos joined Real from Sevilla in 2005 and has made 671 appearances for La Liga club, winning five league titles, two Copa del Reys, four Champions Leagues and four Club World Cups.
Spanish press reports have continually questioned Ramos’ long-term future at the Bernabeu with the club hierarchy keen on making wholesale changes to the playing squad this summer.
Ramos will be a free agent and a host of top clubs are already reported to be interested in signing him.