Massimo Moratti has reached an agreement for the Indonesian businessman Erick Thohir to take a majority shareholding in Internazionale.

Football-italia.net reported that the pair were close to signing off on the agreement and the Italian oil tycoon appeared to confirm as much to reporters outside his offices in Saras Milan.

"Everything has been signed in a few hours there will be a press release" Moratti the Inter president said on Tuesday.

"Satisfied? Yes this has been a long time but eventually we have gotten there everything seems to be in balance.

"On the role of president that does not have to be decided yet but it will depend only on me. There is all the love but also the relief of leaving the club to respectable people in terms of their character.

"Now I will try to adapt to a new rhythm."

Moratti who has been president and owner of the Nerazzurri since 1995 is believed to be signing over a majority share of 70% of the club reportedly worth almost £300m to Thohir. The Indonesian is part owner of the Philadelphia 76ers and DC United.

It is unclear whether the 68-year-old Moratti who has owned the club since 1995 will remain president. "That I don't know" Moratti said.