Madrid have announced that they have dismissed their coach on Tuesday morning and reports state that Juande Ramos has been installed and will take training at the club this afternoon.
With Predrag Mijatovic said to have been at the forefront of the move, he had already lined up Ramos and the former Sevilla and Tottenham Hotspur coach will take training on Tuesday afternoon after a brief presentation.
The German coach has paid for the turmoil on the pitch and apparently for his comments off it after he stated that Los Merengues could not beat Barcelona this weekend.
Despite leading the club to the league title last term, his inability to produce an attractive and consistent team this season has meant that he has now paid the price.
Sporting director Mijatovic was reported to have been very unimpressed by the trainer's outburst to add to the poor performances in recent weeks and was intrumental in his sacking.
Ramón Calderón had previously wanted to retain Schuster's services for fear of a backlash against him, but he was persuaded to make the move after Sunday's defeat by Sevilla.
Madrid are now said to have appointed former Sevilla and Tottenham Hotspur coach Juande Ramos and he will be at the Bernabéu for the game against Zenit on Wednesday.
Schuster, 48, took over at the Bernabéu after Fabio Capello was dismissed because his style of play was not said to be entertaining enough despite securing Madrid's first championships for four seasons and now the club have removed another title-winning coach.
The former Madrid, Atlético and Barcelona player was warned about his conduct in the press room last term and while results were going his way there was little outcry, but now the team has faltered his latest outburst about the impossibility of winning at Camp Nou has cost him dearly.
Ramos made his name by winning five trophies in 15 months at Sevilla and he added to that by leading Tottenham to the Carling Cup last term, their first major trophy for nine years.
Despite the north London club's subsequent dip in form, the Andalucian trainer's stock held up in Spain and he was tipped to join Real Madrid as soon as it was announced that he had lost his job at White Hart Lane.
Lucas Brown, Goal.com