Key Takeaways:
- Jose Mourinho has signed a contract to become Real Madrid manager valid through 2029, according to The Athletic
- Real Madrid may be required to pay up to €15m to release Mourinho from his current Benfica contract in Lisbon
- The Portuguese manager is set for official presentation the day after the presidential election if Florentino Perez secures re-election on 7th June
Managerial Appointment Confirmed as Madrid Waits for New President
Real Madrid have taken decisive action on their managerial future, despite currently lacking an installed president. Widespread reports over recent weeks suggested that Jose Mourinho, presently managing Benfica, was on the club’s shortlist. That speculation has now materialised into a formal commitment, as Mourinho has reportedly signed a contract to return to the Santiago Bernabeu, as stated by The Athletic. His deal will run until 2029.
🚨💣 BREAKING: Jose Mourinho has SIGNED the CONTRACT to become Real Madrid manager! @David_Ornstein @MarioCortegana pic.twitter.com/MNpzFvpZCz
— Madrid Xtra (@MadridXtra) May 29, 2026
Financial Implications of Mourinho’s Move from Benfica
Although Mourinho’s agreement with Benfica was set for another year, including a €3m release clause that expired on 25th May, current circumstances indicate that Real Madrid may now face a much higher buyout sum. Los Blancos are expected to pay up to €15m to liberate Mourinho from his Lisbon obligations. Despite receiving a contract extension offer from Benfica, Mourinho is fully committed to a return to Madrid.
Presidential Decision Looms Over Final Confirmation
While Florentino Perez continues to serve as acting president during the ongoing election process, he remains the overwhelming favourite to overcome rival Enrique Riquelme when club members vote on 7th June. Mourinho’s official unveiling as manager is expected to take place the day after, provided Perez claims victory. According to The Athletic, strategy and staffing arrangements are already underway, although details regarding contractual contingencies should Riquelme win remain unclear.
