At this moment, Ancelotti seems to be more out than in at Real Madrid, but the decision hasn't been made definitively yet. In a short time, Florentino Pérez will meet with the Italian to analyze what happened during the season and make decisions. Carletto's future is at stake, and his rope is getting looser, but he seems to have a chance to redeem himself.
José Félix Díaz Surprises with Ancelotti
In his latest information published in Marca, José Félix Díaz has announced that the decision about Ancelotti's future hasn't been made yet. The campaign's note so far isn't positive, and decisions need to be made, although an opportunity to stay is on the horizon. Everything could change with the upcoming Copa final, where Real Madrid will compete for the trophy against FC Barcelona.
In this regard, José Félix Díaz has pointed out that "the Copa could change everything," being this "a reality" that "shouldn't be ignored". In the case of a positive result, showing a better image and winning the title, Florentino could give his approval for his continuity. The relationship between them has been magnificent for a long time, and they don't want to make a hasty decision.

The renewed Club World Cup, which will be played at the end of the traditional season, also raises doubts about Carlo Ancelotti's future. In the case of dismissing him, Real Madrid would have to face an unexpected situation, with a championship ahead, where a lot of money is at stake, without a coach. There would be two possibilities on the table, using Solari as an interim, or trying to advance Xabi Alonso's arrival.
Carlo Ancelotti Doesn't Want to Leave Real Madrid
What Carlo Ancelotti is clear about is that he doesn't intend to step aside. This is what his close circle assures, indicating that he has a valid contract with Real Madrid until 2026. If Florentino Pérez wants to dismiss him, he will provide all the facilities in the world and won't set uncommon conditions.
But the reality is that, as of today, Ancelotti still sees himself as strong and capable of coaching Real Madrid. He is clear that, looking back, he would correct mistakes that have led him to the current situation, especially in the line-up formations. But what he won't do in any case is resign.