Carlo Ancelotti is going nowhere! Real Madrid boss ends Brazil speculation by signing new contract at Santiago Bernabeu

Ancelotti reportedly was keen on becoming Brazil's manager in the summer of 2024 when his contract at Madrid expired. However, the 64-year-old, who is in his second spell with Los Blancos, has now signed a contract extension with the Spanish giants until 2026.

A statement from the club's website reads: "Real Madrid CF and Carlo Ancelotti have agreed to extend our coach's contract until June 30, 2026.

"In his five seasons as coach of Real Madrid, he has won 10 titles: 2 Champions League, 2 Club World Cups, 2 European Super Cups, 1 League, 2 Copas del Rey and 1 Spanish Super Cup.

"Carlo Ancelotti is the only coach to have won 4 European Cups and the one to have achieved the most victories in the history of this competition (118), and he is also the first coach to win the five major European Leagues (Italy, England, France , Germany and Spain)."

Speculation about Ancelotti's future has gone on for months now, with the Italian tipped to succeed Tite - who left his role as Brazil national boss following the 2022 World Cup. While Madrid didn't lift the Champions League or La Liga last season under Ancelotti, he is a proven winner at this level and this deal makes a lot of sense. Brighton boss Roberto De Zerbi and Bayer Leverkusen manager Xabi Alonso have been linked with the role but those rumours have been put to bed for now.

A statement from the manager is likely to follow soon. On the pitch, his side return to La Liga action on January 3 at home to Mallorca, before travelling to Arandina in the Copa del Rey three days later, and then taking on Atletico Madrid on January 10 in the Supercopa de Espana.