- The Italian manager was 'announced' as the future head coach by the head of the Brazilian Football Federation
- Neither Madrid nor Ancelotti have confirmed the manager's departure
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Carlo Ancelotti could be closing in on an extension to his contract at Real Madrid despite frequent ties to the head coach role with Brazil's national team, according to reports in Spain.
The Italian manager took charge of the Spanish giants for a second time in 2021 and has since overseen them winning LaLiga, the Copa del Rey, the Super Cup, the Club World Cup and the Champions League.
But the former AC Milan manager's current contract expires at the end of the 2023/24 season, and the Madrid club have not yet offered him an extension.
Speculation has been growing since April that Ancelotti's next role will take him away from club football and give him his first role as coach of a national team.
Reports over the summer suggested that 'Don Carlo' was all but certain to join the Selecao, with Brazilian FA head Ednaldo Rodrigues confirming Ancelotti would join ahead of Copa America preparations to lead.
Carlo Ancelotti could remain at Real Madrid after his current contract expires in June 2024
Real Madrid president Florentino Perez will speak to the manager in the coming days
Ancelotti has been closely linked with the role of head coach of the Brazil national team since the summer
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However, according to MarcaReal Madrid and their head coach are quietly moving towards making a decision that could see him extend his stay at the Santiago Bernabeu.
Ancelotti is expected to meet with president Florentino Perez in the coming days to discuss his future. As things stand now, both the head coach and the club are both completely satisfied with the collaboration.
Ancelotti's work at the club this season – including developing superstar Jude Bellingham – is said to have strengthened his intention to stay at Real Madrid.
Perez and Ancelotti are said to have been in constant discussions, but from Real Madrid's perspective the club is not thought to have a succession plan ahead of a potential departure.
Despite appearing to have settled at Real Madrid, Ancelotti could not hide his joy in April when he was first linked with the legendary Brazilian side.
“I am very excited that Brazil want me, but I have to respect the contract with Madrid that I want to honour,” Ancelotti said.
The former Chelsea manager has had a very successful second spell at the Madrid club
The development of new players such as Jude Bellingham has further endeared Madrid's hierarchy to their coach
'If the chairman of the CBF wants to talk to me, I would like to meet and greet him.'
Ancelotti is already coaching a number of young Brazilian stars for Los Blancos, including Vinicius Jnr and Rodrygo.
Despite not being at the top of LaLiga, Real Madrid are enjoying an invigorating start to the 2023-2024 season.
The Spanish side are two points behind surprise leaders Girona and ended their qualifying campaign for the Champions League knockout stages on Tuesday with a perfect record, capped by a 3-2 win over Union Berlin.