Captain Nacho has left Real Madrid after winning 26 trophies including six European Cups.
The Spain defender, 34, joined Madrid's youth academy aged 10 and made 364 appearances following his senior debut in 2012.
His final appearance was the 2-0 Champions League final win over Borussia Dortmund earlier this month that saw him become one of five players to win six European Cups with the club.
Nacho, who is with the Spain squad at Euro 2024, is expected to now join Saudi Arabian club Al-Qadsiah.
"It has been months of reflection, indecision and doubts, but I come to tell you that I need to live one last and different experience with my family, and this is the perfect time," said Nacho, who has 26 international caps.
Nacho also won four La Liga titles, two Spanish Cups, five Club World Cups, four European Super Cups and five Spanish Super Cups with his only senior club.
"Since he arrived at our youth academy as a child, Nacho has been an example to everyone and has earned the affection, recognition and admiration of everyone," said Real Madrid president Florentino Perez.
'Let's work for peaceful election without violence, disturbances' — Mahama to Gh...
Bad cocoa harvests and high cost of living making farmers vulnerable in child la...
Court sentences welder to 25 years imprisonment for robbing motorbike
Majority caucus fully supports NAPO as Bawumia’s running mate — Afenyo-Markin
Parliament must reject LI seeking to regulate cement prices – CUTS International
LI seeking to regulate cement prices wickedness – Baba Jamal
Parliament forms Ad Hoc Committee to explore pension scheme for former MPs
Afenyo-Markin urges NPP MPs to support anyone selected as Party's Running Mate
Akufo-Addo appoints Prof Yayra Dzakadzie as NaCCA boss
NDC dismisses Northern Regional director of elections
