Real Madrid president Florentino Perez will meet with head coach Carlo Ancelotti in the coming days to discuss plans for next season, with sources telling ESPN his job is not at risk.
Wednesday's 4-0 defeat to Manchester City in the Champions League semifinal this week has been met with great disappointment at the Bernabeu, but the club are wary of making drastic decisions in the heat of the moment.
There has been speculation about the future of Ancelotti, who has been targetted for the vacant Brazil job, but various sources have told ESPN that Perez's plan is to stick with the Italian, who has a contract until the summer of 2024.
Ancelotti has been criticised for playing a 4-3-3 formation against City and for bringing Eder Militao back into the defence when Antonio Rudiger had nullified opposing striker Erling Haaland in the first leg -- which ended in a 1-1 draw in Madrid.
However, sources within the club believe the blame should be shared among the playing squad, acknowledging Madrid's inferiority against City and admitting changes are needed over the summer.
