Real Madrid: Carlo Ancelotti ‘says no’ to Brazil as ‘agreement collapses’ amid new ‘significant offer’

According to reports, Carlo Ancelotti has decided to ‘say no’ to Brazil as the departing Real Madrid boss has received a new ‘significant offer’.

The former Chelsea and Everton manager returned to Real Madrid in 2021 for a second spell after his first stint in charge between 2013 and 2015.

65-year-old Ancelotti is towards the end of his fourth year of a hugely successful spell, winning the Champions League and La Liga two times since 2021.

However, the 2024/25 campaign has been really disappointing for Real Madrid, who are set to finish the season without winning a major trophy. They were dumped out of the Champions League by Arsenal in the quarter-finals and sit four points adrift of table-toppers FC Barcelona in La Liga.

READ: Slot to Leeds, Amorim to Liverpool, Howe to Celtic: Premier League manager near-misses

Ancelotti is under contract until 2026, but it’s been widely reported that he will leave Real Madrid in the summer with Xabi Alonso and Jurgen Klopp mentioned as possible replacements.

The veteran boss is unlikely to be out of work for long, as he was lined up to become the new manager of Brazil’s national team before this week’s fresh twist.

On Wednesday night, a report from transfer expert Fabrizio Romano revealed Brazil’s deal with Ancelotti is “on the verge of collapsing”.

Romano said: “Brazil consider the negotiations with Carlo Ancelotti on the verge of collapsing.

“Despite verbal agreement done for days, deal was not signed as there’s NO green light on Real Madrid exit conditions. In any case, Carlo’s still expected to part ways with Real Madrid.”

MORE REAL MADRID COVERAGE ON F365…
👉 Who will be the next manager of Real Madrid after Carlo Ancelotti?
👉 Real Madrid ‘prepare offer’ to sign second Liverpool star ‘open’ to leaving Arne Slot’s side
👉 Liverpool legend Jurgen Klopp ‘tells’ close friend his ‘two’ dream jobs for management return

A report from Spanish outlet Marca goes further, claiming Ancelotti has ‘backed down and said no to Brazil’ having received a new ‘significant offer’.

‘Ancelotti travelled to London yesterday to sign his agreement with the CBF to manage Brazil.

‘He didn’t do so, but the agents handling the deal were expecting the Real Madrid manager’s signature today in Madrid.

‘However, Carlo has informed them that he ultimately won’t accept the proposal. In fact, he has personally contacted the president of the CBF, Ednaldo Rodrigues, to express his gratitude for their interest.

‘The Italian is also currently considering a significant offer from Saudi Arabia.

‘All that was missing was the signature, but barring a major surprise, this won’t happen. Sources close to the negotiations feel that Carlo has made it very clear.

‘The coach first told the agents working for the CBF that he wouldn’t be able to join in June as the CBF had intended and that he could leave in August, much to the surprise of the Brazilian federation’s leaders, as everything had been prearranged.

‘In Brazil, in fact, they thought the coach already had Real Madrid’s approval to leave in June. Now, what’s more, it’s not ruled out that the Madrid coach could lead the team in the Club World Cup.’