In a statement confirming an agreement had been reached with Real, Chelsea described the Belgian as "one of the great players in our history" and "a shining star throughout the many successes the team achieved" during his time with the club. "The player will join the club for the next five seasons, until the 30th June 2024".
"The memories he leaves us with will not fade", Granovskaia said. Teenage forward Rodrygo, bought from Brazilian club Santos for almost 45 million euros ($50.6 million) past year, also will be added to the squad for next season.
Hazard is Madrid's first marquee signing since forward James Rodriguez moved to the Bernabeu for 80 million euros after finishing as top scorer at the 2014 World Cup.
He'll be officially presented by Los Blancos on June 13.
Chelsea fan-group "We Are the Shed" have revealed the banner will be moved out of respect to the players who remain at the club, despite Hazard leaving west London on good terms.
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And in a lengthy farewell posted to social media, Hazard explained it was a wrench to depart Stamford Bridge after seven years with Chelsea. I have tried my very best not to distract myself or the team through this hard period of speculation and media attention, especially the last 6 months.
"I told (Chelsea) my decision already", Hazard said.
Now he embarks on the next chapter in his career at Real Madrid, who finished third in La Liga this season. "We look forward to welcoming him back to Stamford Bridge in the future".
Hazard will double his wages to £400,000 in a five-year deal at Madrid, becoming the club's second major signing of the summer after Frankfurt striker Luka Jovic.
Hazard was a standout player with Belgium at the World Cup in Russian Federation past year, helping his team earn a historic third-place finish.
The goalkeeper is now on worldwide duty with his new Los Blancos teammate, and the former Atletico Madrid man feels that Hazard will prove vital in the team's objectives next season.