Report: Iker Casillas to leave Real Madrid as David de Gea nears move

The Madrid captain still has two years remaining on his contract at the Santiago Bernabeu but according to reports he was told by Madrid of the club’s intention to sign another goalkeeper this summer.

Casillas joined Madrid at nine years old and is one of the most successful players in the club's history, but his form has slumped over the past two seasons and Madrid have now acted.

According to TVE, Casillas, 34, and Madrid have reached an agreement to part ways this summer meaning the captain has played his final game for Los Blancos after 16 years in the club's first team.

Madrid are widely expected to tie up a deal for Manchester United's David de Gea as a replacement with TVE reporting he will sign in the coming hours.

"I don't see myself anywhere else next season," the 34-year-old Casillas recently said. "I've already stated that I want to retire here.

"I would like to end my career at Real Madrid.

"They (the club) recently told me they want me to continue.

"I am a man of challenges and last year I had a big one and I overcame it."

Marca says De Gea is "very close" to becoming a Real Madrid player and that the Spanish giants will pay €25m (£18.2m) up front, with another €5m in add ons for the Spain international.

De Gea, shortlisted for the PFA Player of the Year award, is out of contract at the end of next season so United will not realise much of a profit on a player they bought for £17.8m in 2011.

Television Espanola report that up to 10 clubs have shown an interest in Casillas, who has won three Champions League titles during his time at the Bernabeu.

Turkish club Fenerbahce are reportedly leading contenders, though Arsenal have been linked with an interest in Casillas in the past.

Casillas lost his starting place under former Real coach Jose Mourinho and also struggled at the World Cup, where Spain exited at the first hurdle last year.

Real signed goalkeeper Keylor Navas to a six-year deal last summer, and the Costa Rica international did make a handful of starts earlier in the 2014-15 campaign for the Spanish club, but Casillas regained his spot in the first XI.

Real did not win any silverware in 2014-15. They finished runners-up to Barcelona in the Primera Division and were knocked out of the Champions League in the semi-finals by Juventus.

Their disappointing end to the campaign led to the sacking of Carlo Ancelotti, who had guided Real to a record 10th European Cup in the 2013-14 campaign.

Real appointed Rafa Benitez as Ancelotti's replacement earlier this month.

Casillas would have no shortage of offers, according to TVE, with the veteran goalkeeper having reportedly 10 offers on the table, including one from Turkish giants Fenerbahce.

A World Cup winner and two-time European champion with Spain, Casillas has clinched five Primera Division titles, three Champions League trophies and two Copa del Rey crowns since making his first-team debut in 1999.