Real Madrid have confirmed that Sergio Ramos will depart the club this summer.

The Real captain, 35, is out of contract and will officially depart at the end of June, bringing an end to his 16 years of stay.

Real announced on Wednesday night that they will bid farewell to Ramos with a ‘tribute’ event on Thursday ahead of his exit in a fortnight’s time.

Marca claims the stalwart defender was offered a new one-year contract by Real with a ten per cent pay cut.

However, Ramos was unwilling to accept anything less than two years.

And one of Real’s – and football’s – most decorated players is now on the hunt for a new club.

Ramos’ decision will come as a blow to returning boss Carlo Ancelotti, who was eager for the centre-back to stay.

Ramos featured 671 times for the capital club after a £23million move from Sevilla in 2005, scoring an incredible 101 goals in the process.

He led Real to numerous trophies, including five LaLiga titles, four Champions Leagues and two Copa del Reys.

Ramos is also the most capped player in Spain’s history, playing 180 times for his country.

But the defender was stunned when he was left out of Luis Enrique’s 26-man squad for the Euros last month.

And after seeing the end of an era on the international circuit, Ramos’ legendary club career with Real has also reached its final hurdle.

The Spanish giants have already landed a potential replacement in the versatile David Alaba – who played left-back, centre-back, in midfield and on the wing during his long stay at Bayern Munich.