Chelsea have accepted the terms with Paris Saint-Germain (PSG) for allowing the transfer of David Luiz to the Ligue 1 champions during the summer transfer window.
The announcement came a day after it was reported that the French club are considering an audacious £50m swoop for the Brazilian international during the summer transfer window.
The statement on Chelsea's official website read: "Chelsea Football Club and Paris Saint-Germain have agreed terms for the transfer of David Luiz to the French club. The move is now subject to David Luiz agreeing personal terms with PSG and passing a medical examination."
The 27-year-old is part of the Brazil squad for the World Cup and the move to the French capital outfit will see him line up alongside his compatriot and national team captain, Thiago Silva next season.
The transfer is likely to be completed as soon as the window opens on 10 June. PSG too made an announcement after arriving at an agreement with the west London club to sign Luiz.
The statement on PSG's website said: "In accordance with the player's wish to prepare for and play in the World Cup in his home country in the best possible conditions, both clubs and David Luiz wished to reach an agreement as soon as possible between, on the one hand, Paris Saint-Germain and Chelsea FC, and on the other, between the Parisian club and the player in order to formalize the transfer as soon as the transfer window opens."
Apart from Silva, Luiz also has other compatriots in Lucas Moura, Marquinhos and Maxwell in Laurent Blanc's star-studded squad at Parc des Princes.
Following the confirmation from both clubs, the centre-back expressed his gratitude for his former employers on his official Facebook page saying: "Thanks Chelsea for the three and half years of great partnership. I've made good friends, won many titles and those memories will last with me forever."
"I'd like to thank my team mates, all staff and all supporters (my geezers). I'm leaving with great sadness but at the same time excited for the new challenge that lies ahead in this great club in a city that have always enchanted me. It's a new stage, new challenge and together we will go even further. Allez Paris!"
Luiz, who made the switch to Stamford Bridge from Benfica for a reported £21.3m fee, won three trophies with the west London club, which include the FA Cup and Champions League in 2012 followed by the Europa League last year.
The versatile centre-back made only 15 Premier League starts during the 2013/14 campaign which also saw him deployed in the defensive midfield role by Jose Mourinho. The Portuguese tactician kept faith in the English pair of John Terry and Gary Cahill at the centre of his back four.
Terry, whose deal was to expire next month, signed an extension for another year, which is likely to restrict Luiz's first team opportunities next season. Additionally, January signing Kurt Zouma too will be part of the Blues's squad in the coming months after spending the last few months on loan at St Etienne.