Inter Milan president Massimo Moratti has confirmed that he has reached an agreement for Erick Thohir to take control of the club.

Talks over a possible takeover deal between Moratti and Indonesian tycoon Thohir have been going on for several months as Moratti looked to give up his majority shareholding of the Nerazzurri.

Moratti has revealed that terms of the takeover deal have been agreed, but admits no decision has been made over the presidency of the club.

"Everything has been signed, in a few hours there will be a press release," said Moratti.

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

"About 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."

The move will see Thohir expand his already considerable interests in sport.

He is a part owner of the NBA's Philadelphia 76ers as well as the owner of two basketball teams in Indonesia, and is a part-owner of Major League Soccer club DC United.

Inter have a board meeting scheduled for October 28 which will be led by Moratti.

The president said he did not know whether the formalities of the takeover would be completed in time for that meeting, or whether an extraordinary meeting would be required thereafter to confirm the new board.