World no.1 Novak Djokovic has defeated Andy Murray in three sets to claim a record 29th career Masters title.

Djokovic won the match 6-2, 3-6, 6-3 in two hours and six minutes, to win his second Madrid Open title.

The win sees Murray drop in the world rankings to no.3, with Roger Federer moving up to world no.2.

Djokovic has now won the past five Masters titles and overtakes Rafael Nadal on 28 Masters title wins.

The win is also the Serbian's 15th consecutive win over top-10 ranked opponents.