We can confirm that the club has agreed to loan Emmanuel Adebayor to Real Madrid for the rest of the season.
The player will travel to Spain on Wednesday to have a medical.
Madrid have an option to purchase the 26-year-old at the end of his temporary spell in the Spanish capital.
Adebayor scored 19 goals in 36 league and cup starts for the Blues after being signed from Arsenal by previous boss Mark Hughes. The last of those came back in November in the Europa Cup tie in Poznan.