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Los Blancos president says the club are closing in on the signings of the Paris Saint-Germain boss and Malaga winger

Real Madrid president Florentino Perez has confirmed they are close to capturing both Malaga star Isco and Paris Saint-Germain coach Carlo Ancelotti.

Ancelotti is the club's No.1 target to replace Jose Mourinho, who joined Chelsea in June, and they are expecting to fight off competition from Manchester City to sign the Spain international.

"Now nothing has been signed," Perez told 20Minutos about Ancelotti.

"PSG could announce an agreement tomorrow [Tuesday] which would allow him to join Madrid. We hope that everything turns out well. My coach is Ancelotti.

"The signing depends on Paris Saint-Germain reaching an agreement with Ancelotti and their announcement of their new coach, [Laurent] Blanc.

On the signing of Isco, he added: "He has a big chance to be a Real Madrid player because he wants to go to Madrid and Madrid want him too.

"Isco is one of Spain's best players and the coaching team believe he's good enough to play for Madrid. I know he's excited to come. It's the same with me.

"If all goes well, we can announce his signing soon. Always after announcing the coach."

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