Real Madrid: What next for Spanish giants and boss Carlo Ancelotti?

It wasn’t supposed to be this way.

When the Spanish giants signed Kylian Mbappe in the summer after his contract expired at Paris St-Germain, a lot of people were wondering how this Madrid team full of superstars could be stopped. Many pundits suggested they couldn’t., external

But after losing their European crown following the limp exit to Arsenal and facing a big fight to defend their La Liga title with Barcelona four points clear in top spot, Real’s season is already being seen as a failure.

“This Real Madrid team is not at the level that these supporters expect,” former Arsenal defender Matthew Upson told BBC Radio 5 live.

“That’s why I wouldn’t be surprised if there were some changes at some point.”

Ancelotti’s future has been a subject of discussion in Spain for the majority of the season.

The 65-year-old has won 11 trophies in his second stint, including two league titles, two Champions Leagues and the Fifa Club World Cup.

Ancelotti is contracted until 2026 and – linked with the vacant Brazil job – has previously said he will discuss his future in the summer.

Asked if he would still be in charge by the time the Club World Cup begins in June, Ancelotti said: “I can’t speak about this right now.

“It could be that the club decide to change [coach]. It could be this year – or the next when my contract expires, there’s no problem.

“It could be tomorrow, in 10 days, in a month or a year, but all I can do will be to thank the club – if my contract’s up or not, I don’t care.”

Ancelotti’s managerial record is impressive and deserves respect, having won 20 major trophies, including five Champions Leagues, with two of them at AC Milan.

But, with Bayer Leverkusen boss and former Real Madrid midfielder Xabi Alonso linked with a return,, external the club’s hierarchy could decide now is the time to make the change.

“He won’t be there next season,” French football journalist Julien Laurens said on BBC Match of the Day.

“This was an embarrassment for Real Madrid. To lose 5-1 against a very good Arsenal team, but you still are the reigning champions and have some of the best players in the world.”

Balague added: “Ancelotti thrives in environments with quality players who don’t need to be over-coached.

“His job, in many ways, has been to keep the dressing room harmonious, egos balanced, and the belief high that Real Madrid can win any game, simply because they are Real Madrid. And that worked, to a point.

“But this season has highlighted the limits of that approach. Madrid have run less than their opponents in key games, while the second tier of talent – Arda Guler, Brahim Díaz and even Endrick when available – have been underused.

“The load has fallen on a core group that now looks physically and mentally exhausted.”