Real Madrid are expected to announce that their manager Jose Mourinho will be leaving the club at the end of the season in a news conference scheduled for 8 p.m. local time (2 p.m. ET). The departure of Mourinho after three years at the Bernabeu has long been expected, while it is widely believed that there is already a provisional agreement in place for the Portuguese to rejoin former club Chelsea.

It has been a tumultuous season for Mourinho and Madrid with constant reports of dressing room unrest as a result of the manager’s practices. Captain and club icon Iker Casillas has been dropped from the side both before and after a hand injury in the second half of the season and Pepe has recently being ostracized after criticizing Mourinho’s handling of the goalkeeper.

Matters on the pitch have not fared much better. Mourinho’s main objective when being given the job in 2010 was to finally deliver the club La Decima -- an historic 10th European Cup. But for the third season in a row, Madrid fell at the semifinal stage. This season they have also limply relinquished the league title they claimed last year. On Friday, their final hope of a trophy went by the wayside when they lost 2-1 to local rivals Atletico Madrid in the final of the Copa del Rey in their own Bernabeu stadium. With Mourinho being sent off in the game, the writing was firmly on the wall that his time had come to an end.

"I have failed this season,” Mourinho admitted. “In the first season to win the cup after many years, reach the semi-final for the first time for a long time and fight until the end in the league is not a failure. Neither is in the second season, having won the league against the best team in the world and to win it like we did. We lost in the Champions League on penalties in the semi-final and I cannot take penalties.

“The third season has been a disappointment, a failure or whatever you want to call it. When things are going well the credit goes to everyone and when things go badly it is the coach’s fault. We've been close -- but that does not exist in football. It has been my worst season.”

It is believed that for some time the only details left to be decided was the financial terms of his departure. A clause in the 50-year-old’s contract means that Mourinho would be due €20 million compensation if he were sacked, whereas that fee would be due to Madrid if he leaves for another club, according to the Guardian.  

Now, though, it appears that a resolution has been reached, with Sky Sports News among the sources reporting that Madrid president Florentino Perez will officially announce that Mourinho will exit at the end of the current La Liga campaign on June 1.

The news conference can be viewed on the official Real Madrid website.