Carlo Ancelotti will be in charge of Real Madrid for the final time when the Spanish giants take on Getafe on Saturday in the closing weekend of the La Liga season; as the following day the Italian is set to be told by club president Florentino Perez that his contract is to be rescinded.
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There had been intense speculation over the future of the Los Blancos manager with suggestions that failure to reclaim the Champions League trophy would see him given the boot from the Santiago Bernabeu.
It now seems that his fate has been decided, as Sky Sport Italia [cited by Spanish newspaper AS] have reported that Florentino Perez will meet with Ancelotti when the La Liga season finishes at the weekend, and will inform the 55-year-old that his time is up in the Real dug-out.
His current deal is set to expire on 30th June 2016.
The report claims that with no attractive managerial position available at present, the former Chelsea boss is considering taking a sabbatical year.
During his two seasons with Real, Ancelotti has led his superstar team to four trophies: the Copa del Rey, the FIFA Club World Cup, the UEFA Super Cup and the UEFA Champions League. However, his failure to deliver a title in his third season, combined with their inconsistent La Liga form that saw Barcelona wrap up the league with a game to spare, has decided his future.
Jurgen Klopp, who will be leaving Borussia Dortmund after seven years in the summer, is a favourite to take over the position.
Napoli boss Rafael Benitez also looks set to be available at the end of the season and is being considered for the role.