"I spoke with Camacho on the phone. Everything is sorted out and I'm staying."
Morientes, who was on loan at Monaco last season after Real made it clear he would only play a second string role to Ronaldo if he stayed at the club, is under contract to the Primera Liga side until June 2006.
Morientes was top scorer in the Champions League this season with nine goals and played a crucial role in helping the Ligue 1 side eliminate Real at the quarter-final stage.
La Liga
Roberto Carlos extends Madrid stay
11/06/2004 AT 17:56
Club president Florentino Perez also appeared to clear the way for the striker's return when he said that it was unlikely that either Dutch striker Ruud van Nistelrooy or Italian forward Francesco Totti would join the club next season.
"I don't see Totti or Van Nistelrooy wearing the white of Real Madrid next season because Camacho wants to strengthen other parts of the team," Perez told Telemadrid.
Real are also expected to announce that fullback Roberto Carlos will extend his contract with the club.
The Brazilian international, who has been linked with a move to Chelsea, has said that he wants a new four-year deal while the club initially only offered him two.
Roberto Carlos's present contract expires in June 2005.
La Liga
Departing Fernandez says sorry to Betis fans
09/06/2004 AT 12:55
La Liga
Ranieri checks in at Valencia
08/06/2004 AT 13:57