Madrid to announce Ancelotti exit

Real Madrid have called a press conference for 19:00CET on Monday, where president Florentino Perez is expected to announce the departure of coach
Carlo Ancelotti.

The Italian trainer led Los Blancos to victory in both the Champions League and the Copa del Rey last season, before overseeing a club-record 22-game winning streak during the first half of the current campaign that culminated in Club World Cup glory in December.

However, Madrids form dipped after the winter break, resulting in Barcelona overhauling them at the top of La Liga, Copa del Rey elimination at the hands of Atletico Madrid and a shock European semi-final exit at the hands of Juventus.

Ancelottis likely dismissal was immediately reported after their semi-final loss to the Bianconeri and will now be confirmed at a specially arranged press conference in the Spanish capital on Monday.

Perez is expected to meet with Ancelotti in the afternoon to inform him of the decision to sack him. A source at the club told Goal that there is no other possibility than firing Carlo.

The clubs chief will then speak to the media in the evening to make it official.

Ancelotti has already revealed that while he has received offers from clubs in Italy, England and Germany, with AC Milan even sending
CEO Adriano Galliani to Madrid to meet with their former boss,
the 55-year-old will take a year out of the game as he must undergo surgery in Canada this summer.

Ancelotti is expected to be replaced as Madrid boss by Rafael Benitez, whose contract with Serie A outfit Napoli expires at the end of June.