Under-pressure Ancelotti intends to stay at Real Madrid

·3-min read

Carlo Ancelotti says he will finish his contract with Real Madrid despite their humbling defeat in the Champions League semi-finals and with rumours swirling that Brazil would love the Italian to become their next coach.

"I have a contract until June 2024 and the club has already guaranteed I will see out my contract. Everyone knows that's exactly what I want to do," Ancelotti said on Saturday.

Since Manchester City routed Madrid 4-0 this week to reach the final, Ancelotti has been under pressure, with the stinging defeat fuelling speculation that perhaps his second stint at Madrid is near its end.

Madrid have won the Copa del Rey, the Club World Cup, and the UEFA Super Cup this season, but they lost the Spanish league title to Barcelona and failed to defend their Champions League crown.

Meanwhile, Brazil are apparently ready to embrace the 63-year-old, the only coach to have won four European Cups after winning the tournament twice each with AC Milan and Madrid.

Ancelotti's contract with Madrid lasts until the end of next season but speculation about his potential departure increased after Brazil officials announced their interest in hiring him to replace Tite.

Brazil have been without a manager since the end of the World Cup, and the Brazilian Football Confederation hinted it was willing to wait until the end of the European season to hire its next coach.

Madrid president Florentino Perez also has no trouble firing coaches who don't reach the 14-time European champion's incredibly demanding standard for success.

Perez cut Ancelotti's first stint short in 2015, just a year after he led Madrid to Champions League title No.10.

Ancelotti said on Friday he has received renewed backing from Perez.

"We spoke yesterday, as we do most weeks. We had a meeting, assessed the match and he showed me his affection and support," the coach said.

"We also spoke about the last couple of seasons and we will continue moving forward with the same or greater hunger to do a good job."

Ancelotti admitted the lopsided loss to City left its mark on a team that in the previous season proven unbeatable after pulling off comebacks in the Champions League knockout rounds.

"It is a painful elimination, but it's a semi-final, it wasn't in the group stages or the round of 16," he said.

"We're hurting but you can always come up against a team in better shape who deserve to win."

Regardless of his coach, Perez and his club have some big decisions to make about some players who have been critical to the team for the past decade.

Karim Benzema, Luka Modric — both Ballon d'Or winners — along with Toni Kroos and Marco Asensio all finish their contracts at the end of June.

Ancelotti could say only that the club and his veterans were talking about their futures. He seemed to indicate the players have received offers for new deals from the club.