It has been tipped that Carlo Ancelotti will soon be relieved of his duties by Real Madrid as the club will hold a press conference to announce their decision.

After ending the 2014-15 season without anything to show for, Carlo Ancelotti is close to getting fired. The Italian manager came at the club in 2013 and went on to win the eagerly-awaited La Decima, Copa Del Rey, European Supercup and Club World Cup for Real Madrid. However, a poor performance by the team in his second season has led many to believe that the three-time Champions League winning manager will be sacked by the club.

Real Madrid have announce that they will hold a press conference at 19:00CET on Monday. This conference will be held to confirm the future of Ancelotti which most likely will be away from a Los Blancosa . The former Chelsea manager has attracted interest from AC Milan and Manchester City but the Italian has said that he will either continue at Real Madrid or take a break for a year.

After forcing Ancelotti out of the club, it is believed that either Jurgen Klopp or Rafael Benitez will be brought on to manage the club.

Real Madrid players and board members are believed to be standing by Ancelotti and urging president Florentino Perez to revert his decision of sacking the manager. Pichichi winner Ronaldo went on to show his support for the manager through twitter as well. However, Perez seems to have made up his mind and will announce his decision on Monday night.