Unless something unexpected happens between now and the end of the season, it is expected that Ancelotti will end this season with his Real Madrid job not on the line. Ancelotti signed a two-year extension back in December 2023, with the team firing on all fronts. As is usually the trend at the club, decisions regarding the coach's future at the club will be made at the end of the season in July, after the Club World Cup.
Despite a challenging season filled with difficult moments — most recently following Real Madrid’s narrow Champions League qualification after eliminating cross-city rivals Atletico Madrid in the last-16 stage — Perez’s message to Ancelotti has been one of reassurance. Real remain competitive in all competitions, and the club values both the manager's leadership and the team’s efforts, especially considering the numerous injuries the squad has faced.