Brazil pounce on Carlo Ancelotti! Real Madrid coach approached by Selecao after Arsenal defeat as Spanish giants attempt to lure Xabi Alonso

Ancelotti has been expected to leave Real Madrid at the end of this season, as Los Blancos have struggled for results despite their fantastic summer transfer window. However, after the 15-time European champions were humiliated by Arsenal in the Champions League quarter-final, reports have suggested that the Italian will depart later this month after Madrid's Copa del Rey final against Barcelona.

Brazil sacked head coach Dorival Junior earlier this month after the Selecao's 4-1 loss to Argentina, and as per The Independent, they are now considering making a move for Ancelotti as soon as he leaves Real Madrid. The Brazilian national team has also been loosely linked with former Liverpool boss Jurgen Klopp, who is reportedly unhappy in his role as Red Bull's Director of Football.

Real Madrid have been interested in Bayer Leverkusen boss Xabi Alonso for the last year and a half, but did not make a move for the Spanish coach last summer. However, The Independent has also reported that Los Blancos are now set to move for their former midfielder to take on the job of head coach. Additionally, they plan to coordinate their transfer plans with Alonso's systemic plans.

Real Madrid have one more game in hand before they take on Barcelona, who have had their calling card this season, in the Copa del Rey final on Sunday, April 27.