The coach and the club agreed this is the right moment. I want to thank Jose Mourinho for the work he has done in the last few years.And despite rumours linking Paris Sant-Germain boss Carlo Ancelotti with the manager's job at the Bernabeu, Perez also claimed he has not reached an agreement with any coach to succeed Mourinho.Mourinho, who has been strongly linked with a return to Chelsea - a team he managed between 2004 and 2007, has endured a torrid final season in charge of Los Blancos culminating in Friday's defeat by Atletico Madrid in the Copa del Rey final that ensured Real end the season without a major trophy.The 50-year-old Mourinho's time in charge of the nine-time European champions has been littered with high profile bust-ups with the local media and many of his stellar squad of world class players, but Perez hailed his demanding standards throughout his time in charge.However, Perez denied that Mourinho had been sacked by the club and said they will not have to pay the Portuguese coach compensation despite the fact his current contract runs until 2016.Mourinho's time in charge did have its successes as he guided Real to the Spanish title last season and won the club's first Copa del Rey for 20 years back in 2011.No one has sacked anyone, it has been a mutual agreement," Perez said.Los Blancos also reached three Champions League semi-finals under Mourinho, but ultimately it was his failure to lead Real to their treasured 10th European title that will mark his legacy in the Spanish capital.It is not nice for anyone to have to leave but it is also true that after three years we both decided it was the right moment to break this relationship.
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