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Real Madrid is prepared to offer Carlo Ancelotti a new contract, extending his tenure at the Santiago Bernabeu, despite the existence of a preliminary agreement for him to assume the managerial role with Brazil at the end of the season, as reported by 90min.

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Ancelotti currently has less than a year remaining on his existing contract, and sources have confirmed the existence of a tentative arrangement for him to lead the Selecao after his departure from the Spanish capital.

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While a deal with Brazil appears imminent, Real Madrid has not ruled out the prospect of Ancelotti staying on and committing to a new contract with the club. The club’s leadership has been exploring various options and considering alternatives in case Ancelotti opts to leave. Potential successors include former playing legends Raul, who is currently in charge of Castilla, and Bayer Leverkusen’s Xabi Alonso. Brighton & Hove Albion’s Roberto De Zerbi has also been under consideration.

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Sources have now confirmed that Madrid’s current playing staff have made it clear to the club president Florentino Perez and the board that they would like Ancelotti to stay on.

The club are fully aware that Ancelotti has great admiration among the squad and he has particularly good relationships with their prized young assets such as Jude Bellingham, Vinicius Junior and Aurelien Tchouameni. Madrid realise an upheaval in the coaching staff could cause issues which are avoidable.

With the arrival of teen starlet Endrick and likely signings of Kylian Mbappe and Alphonso Davies in 2024, the club are aware that Ancelotti’s man-management remains arguably unrivalled in the game and they are now open to him staying on new terms. Talks have already taken place over a fresh contract but they are due to accelerate heading into 2024.