‘Los Blancos’ have been on the hunt for a new manager since Zinedine Zidane decided to step down last week after a trophyless season.
Rumours regarding a replacement have swirled all week and this morning saw news break that Ancelotti was favourite.
Ancelotti is one of the most successful managers in the modern-era, having won league titles in England, France, Italy and Germany, as well as another two European cups at AC Milan.
Fabrizio Romano has since confirmed the reports and the Italian will be leaving Everton after 18 months in charge.
Carlo Ancelotti to Real Madrid, here we go! The agreement on the termination of his contract with #EFC is set to be completed, the two clubs are in direct contact then Carlo will re-join Real Madrid. ⚪️🚨 #Real
— Fabrizio Romano (@FabrizioRomano) June 1, 2021
The Athletic have also been told Ancelotti’s return is a ‘done deal’ as of Tuesday afternoon.
Ancelotti previously managed Madrid between 2013 and 2015, delivering a tenth Champions League title in 2014 that was dubbed ‘La Decima’.
Earlier this month, the Italian dismissed a return to Madrid and insisted he was happy on Merseyside: “This is good publicity for me to be linked with Real Madrid but it is not true,” he told Sky Sports. “I am really happy to stay here.
The Toffees failed to build on a fine start to the new season under the Italian boss, finishing 10th in the table following three wins from their last 12 matches in a dim end to the campaign.
Five names that could replace Carlo Ancelotti
Everton are braced to begin searching for their fifth new manager in eight years as Carlo Ancelotti edges nearer to a reunion with Real Madrid.
Daily Star Sport have now taken a look at five candidates to replace Ancelotti at Goodison Park this summer, all of which have recent experience in the Premier League.
- Although Rafael Benitez has a close connection to Liverpool having managed them between 2004 and 2010, he might well be open to a Merseyside switch after leaving Dalian Professional.
- Eddie Howe was heavily linked with the Celtic job earlier this month before talks broke down, and hasn’t had a job in management since Bournemouth were relegated in 2019/20. The English boss would likely be interested in an approach from Everton, but his relative inexperience in the top-half of the Premier League could be questioned by fans.
🇵🇹 Nuno Espirítu Santo, se convierte en principal candidato para ser el DT de 🏴 Everton y reemplazar a Carlo 🇮🇹 Ancelotti. 😱
— Everton FC 🏴 (@EvertonGoleador) June 1, 2021
- Nuno Espirito Santo could eye a shock return to Premier League management just weeks after leaving Wolves having guided them out of the Championship into mid-table. The Portuguese boss might well have thought that Wolves had reached a turning point in their seventh-placed finishes, with the current campaign proving a little tougher.
- Sean Dyche has spoken openly about the financial constraints of being Burnley manager in the past, which is something that the new Everton manager is not likely to face. The former Watford boss has guided the club to sixth consecutive Premier League season next time out, and he might well eye a new challenge to further his managerial career.
- David Moyes could end up back at Everton next season after guiding West Ham from the threat of relegation into European competition via the Europa League. Following spells with Real Sociedad and Sunderland, Moyes has been hired by West Ham twice, and his stock is now the highest it has been since leaving Everton after 12 years in 2013.