Overview
- Carlo Ancelotti, with one year left on his contract, has stated he will reveal his plans on May 25, as Real Madrid's season concludes.
- Xabi Alonso, currently Bayer Leverkusen's coach, is widely regarded as the frontrunner to replace Ancelotti at Real Madrid if he departs.
- Alonso’s contract includes a buyout clause allowing him to leave for a former club, including Real Madrid, for a reported fee of €15–20 million.
- Leverkusen is actively preparing for Alonso's potential exit, with Erik ten Hag reportedly close to being finalized as his successor for the 2025-26 season.
- Ancelotti is also being courted by the Brazilian Football Confederation for their national team coaching role, adding to the uncertainty surrounding his future.