Mijatovic has a year left on his contract with the Spanish giants.
A statement on the club’s official website read: “Real Madrid’s board of directors and the club’s sporting director, Pedja Mijatovic, have reached a mutual agreement for the termination of the latter’s contract, which was originally set to end in June 2010.
“The board wishes to express its most sincere gratitude for the work Pedja Mijatovic has done in the past three seasons, during which the club won two league titles (2006/07 and 2007/08) and one Spanish Super Copa (2008).
“Real Madrid and its board wish Mijatovic all the best in his future personal and professional endeavours.”
