Florentino Pérez has given it some serious thought. He seems to have found the best possible coach to finish the season at Real Madrid: Carlo Ancelotti. Despite the bad times, he's the right one to stay for the rest of the season in charge of the first team. After that, everything will depend on the results, as always.
Defensa Central has reported that, in a recent meeting with the heavyweights of the executive leadership, the most repeated phrase was: "Carlo Ancelotti is the best." They have no doubt, nor does the Italian, that he sees himself capable of reversing the current situation and taking this team forward.
Although there's no doubt, Ancelotti doesn't have infinite credit. Florentino Pérez needs to see an improvement in the next few games. If he drops points again and the team doesn't play better, nothing is ruled out. Although Carlo is a living legend of Real Madrid, the club can't be allowed to fall so soon; it'd be unacceptable.
The next few weeks are expected to be crucial in determining what will happen with Carlo Ancelotti's future as Real Madrid's manager. So far, he still has credibility, but something better needs to be seen so that he doesn't lose it completely.
Ancelotti Stays but There are Others: Florentino Pérez's Options
Ancelotti's reputation is still high but he must not be neglected. Real Madrid won't accept or tolerate defeat; a change is needed as soon as possible. In the event that he continues to be in a slump and a change is needed on the bench, Florentino Pérez is considering various options.
The coach of the future is Xabi Alonso, everyone at Madrid is clear about that. The president's intention is to hire him for 2025, when Ancelotti will surely no longer be at the club. Before that, it's impossible, since he won't let Leverkusen down; that is clear.
In the event that Ancelotti ends up leaving earlier than expected, Florentino Pérez is considering two options. The most likely one would be to promote Raúl to the first team for the rest of the season, with Arbeloa replacing him at Castilla.
The other option seems more complicated, especially given the eagerness to sign Xabi Alonso for 2025. Zidane would be delighted to return, but he wouldn't agree to do so for just a few months.
Ancelotti knows this: He still has credit at Real Madrid but Florentino Pérez wants to see an improvement and doesn't want to lose points. It's time to do better.