Diego Lopez is set to sign a three-year contract with Monaco worth €5.5m a season, according to reports.
Real Madrid were in the process of deciding which goalkeeper to let go following the imminent arrival of Keylor Navas.
Iker Casillas or Lopez needed to a free up a space for the Costa Rica international, and it seems that the 32-year-old will be the one to go.
ABC believe that Monaco have agreed a deal with Los Blancos, and the shot-stopper is set to sign a contract within the next few days.
