The managerial landscape at Real Madrid has seen significant shifts, with reports indicating that Carlo Ancelotti's contract was extended to 2026, only for him to be succeeded by Xabi Alonso and then Álvaro Arbeloa, with José Mourinho also returning to the club in a managerial capacity by July 2026.
Ancelotti's initial contract extension, announced in December 2023, was set to keep him at the Bernabéu until June 2026. This move seemingly ended speculation linking him with the Brazil national team job. However, by January 2026, Real Madrid had announced a managerial change, with Xabi Alonso departing and Álvaro Arbeloa stepping in as his successor. Further complicating the timeline, José Mourinho was also reported to have returned to Real Madrid as manager by July 2026, with reports suggesting he was tasked with getting the club back on track.
The situation is further complicated by information suggesting Carlo Ancelotti took over as head coach of the Brazil national team in September 2025, with a contract running until after the 2026 World Cup, and he had previously stated that after Brazil, Real Madrid would be the only club he would consider coaching. This suggests a complex series of events, with Ancelotti potentially returning to Real Madrid after his stint with Brazil.
Ancelotti's Extended Stay and Subsequent Departures
Carlo Ancelotti's tenure at Real Madrid appeared secure when his contract was extended to June 2026 in December 2023. This decision was made amidst strong interest from the Brazilian Football Confederation (CBF), which had publicly expressed its desire to hire the Italian. Ancelotti's successful period at Real Madrid, marked by numerous titles including two Champions League trophies and a La Liga title, made him a prime candidate for the Brazil job. His extension was seen as a definitive end to those rumors.
However, the managerial situation at Real Madrid became fluid. By January 2026, reports indicated that Xabi Alonso had left the club, and Álvaro Arbeloa, a former Real Madrid player, was appointed as his successor. This marked a significant shift, with Arbeloa becoming the 17th managerial change under Florentino Pérez's presidency.
Mourinho's Return and Staffing Changes
Adding another layer to the managerial narrative, José Mourinho was reported to have returned to Real Madrid by July 2026. Mourinho's return saw immediate changes to his coaching staff, including the arrival of sports physiologist Sandro Carriço and the departure of goalkeeping coach Luis Llopis. Notably, veteran fitness coach Antonio Pintus remained part of Mourinho's plans. Mourinho's previous association with several players and his history with the club suggested a strategic move to re-energize the team.
Ancelotti's Brazil Stint and Future Ambitions
In parallel to the developments at Real Madrid, Carlo Ancelotti took charge of the Brazil national team in September 2025, with his contract set to extend beyond the 2026 World Cup. This move followed his departure from Real Madrid, though he remained a revered figure at the club. Ancelotti had previously expressed his desire to coach only Real Madrid after his tenure with Brazil, hinting at a potential return to the Spanish capital. This statement suggested that his time with Brazil was a temporary chapter before a possible reunion with Los Blancos.
What it means
The managerial merry-go-round at Real Madrid suggests a period of transition and strategic rebuilding. Ancelotti's initial contract extension aimed for stability, but subsequent events indicate a shift in the club's long-term vision. The return of Mourinho, a figure with a strong personality and proven track record, signals an intent to instill a winning mentality and potentially implement a more direct style of play. Arbeloa's appointment, following Alonso, points to a potential emphasis on club legends and a desire to connect with the club's identity. The intricate timeline involving Ancelotti's Brazil commitment and his expressed desire to return to Madrid adds an element of intrigue, leaving open the possibility of his reappearance at the Bernabéu in the future.
What's next
The immediate future for Real Madrid under José Mourinho will likely involve integrating new signings and establishing his tactical approach for the upcoming season. The club's transfer activity, particularly in midfield, will be closely watched, with reports linking them to potential targets. For Carlo Ancelotti, the focus will be on leading Brazil through the 2026 World Cup qualifiers and the tournament itself, with his future beyond that still a subject of speculation, though his stated preference remains Real Madrid. The dynamic between these managerial figures and their respective clubs will undoubtedly shape the narrative of European and international football in the coming years.
Kickoff XI is an independent publication and is not affiliated with FIFA.
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