Jurado, who had joined Schalke in 2010 from Atletico Madrid and was reunited with former Real Madrid teammate Raul for two seasons, failed to hold down a regular starting spot at the German club.
The 26-year-old former Europa League winner with Atletico, who has played for Spain at every youth level but has never won a senior cap, had a contract at Schalke until 2014.
Schalke will be competing in next season's Champions League qualifying rounds after finishing fourth in the Bundesliga.
- Sports & Recreation
- Atletico Madrid
- Real Madrid