Former Liverpool manager Jurgen Klopp has agreed to "negotiate" with Real Madrid following the Spanish giant's Champions League quarter-final demolition at the hands of Arsenal.
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Carlo Ancelotti is expected to leave the Bernabeu at the end of the season, and former Reds manager Klopp has reportedly emerged as the leading candidate to replace him at Madrid.
According to UOL, Klopp is open to discussions with Real Madrid about potentially returning as a manager after taking a year-long break. The German tactician recently took the role of sporting director for the Red Bull football group after leaving Liverpool at the end of last season.
During his spell at Anfield, he won several titles, including the Premier League, Champions League, Super Cup, Club World Cup, FA Cup, and two League Cups.
Below are the latest odds for Real Madrid's next permanent manager, courtesy of Bet365.
| Managers | Bet365 Odds |
| Xabi Alonso | 1.83 |
| Jurgen Klopp | 3.00 |
| Andoni Iraola | 11.00 |
| Raul | 9.00 |
Ancelotti has led Real Madrid during two separate periods, from 2013 to 2015 and again from 2021 to the present. During his tenure, he has won two La Liga titles, three Champions League trophies, three Copa del Rey titles, three Super Cups, and two Club World Cups. Despite these accomplishments, a tough season could potentially lead to his departure from the Bernabeu this summer.
Real Madrid is currently four points behind archrivals Barcelona in La Liga. The reigning European champions faced a tough week in the Champions League, suffering a 5-1 aggregate loss to Arsenal, with defeats in both the home and away matches.
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