According to reports, the decision to continue working with Carlo Ancelotti depends on the outcome of this final and his subsequent meeting with Florentino Pérez, the club’s president. This match will showcase Real Madrid’s reaction—players and coaching staff—against their arch-rival, Barcelona, and set the tone for the team’s commitments in a long season that extends to the Club World Cup.

If Ancelotti does not stay next season, he will miss the Club World Cup, where Real Madrid will participate—a fact both he and the management are well aware of.

Both sides know they cannot wait until the end of the season to decide. Given the unique schedule this season, with the Club World Cup running until July 13, Real Madrid and Ancelotti must plan ahead. Other factors also play a role: Xabi Alonso and the Brazilian national team. There is no formal commitment between the parties, but clear signs indicate both are waiting for the right opportunity.

Fernando Carro, CEO of Bayer Leverkusen, has hinted at an unwritten agreement with Alonso, but it cannot be denied that Alonso is waiting for Real Madrid, just as Brazil has remained without a coach for a year and a half in hopes of securing Ancelotti.

Planning

Xabi Alonso announced in March that he would continue his work and is now planning for next season, but he has yet to confirm whether he will remain as coach of Bayer Leverkusen, the current Bundesliga champions. Last year, he rejected offers from Bayern Munich and Liverpool, signing a two-year extension instead. While he is currently working for Leverkusen, Real Madrid remains an attractive and accessible goal in his mind.

Ancelotti wants to continue managing Real Madrid. He feels the team has not abandoned him, and the players have not sought to undermine him. After the elimination against Arsenal, Florentino Pérez was kind and supportive—a gesture that reflects the club’s respect for him. But does this mean he will continue as head coach? No, because he knows that to stay, he must win—both in the Copa del Rey final and in La Liga until the end of the competition.

Brazil, like many others who dream of working with this Italian coach, is waiting. But anyone who has contacted Real knows Ancelotti’s priority is to continue with Real Madrid. This does not necessarily mean he will stay, but at least it is his primary wish.

Decision-Making

Florentino Pérez and José Ángel Sánchez, as president and general director, will make the final decision. They know well what Ancelotti means to the fans—beyond social media criticism or media demands for change. They see Ancelotti as a great example and a key figure in Real Madrid’s history. Anyone else would have been fired long ago.

Evaluating the season’s performance is not limited to the coaching staff. The players will certainly play a role.