Carlo Ancelotti is expected to step down as Real Madrid head coach at the end of April, with the Copa del Rey final against Barcelona on April 26 likely to be his final match in charge. The anticipated departure follows Real Madrid’s disappointing exit from the UEFA Champions League at the hands of Arsenal, who defeated the Spanish giants 5-1 on aggregate in the quarter-finals.

Although Ancelotti's current contract runs through to 2026, sources close to the club and multiple reports indicate that both parties are prepared to part ways sooner. The defeat to Arsenal particularly the heavy 3-0 loss in the first leg at the Emirates has intensified internal scrutiny and accelerated discussions about the manager’s future.

Speaking after the Champions League exit, Ancelotti hinted at his potential departure while maintaining a tone of gratitude. “The day I finish here, I will only do one thing: thank the club,” he told reporters, in what many interpreted as a farewell gesture.

Ancelotti's second stint at Real Madrid has been marked by success. Since returning to the Bernabéu in 2021, he has guided the team to a La Liga title, multiple domestic trophies, and the 2022 Champions League crown his fourth as a manager. These achievements cemented his status as one of the most decorated coaches in football history.

However, recent performances and growing pressure following Real Madrid’s failure to reach the Champions League semi-finals have placed his position under the microscope. While the club still has a chance to secure silverware in the Copa del Rey final against arch-rivals Barcelona, it appears the decision has already been made.

Real Madrid’s board is reportedly considering a range of potential replacements, with names like Xabi Alonso, Zinedine Zidane, and even Bayer Leverkusen’s Xabi Alonso being floated. Meanwhile, speculation continues to link Ancelotti with the Brazil national team job, though no official announcement has been made.

As Los Blancos prepare for the Copa del Rey showdown, it may serve not only as a title decider but also as the curtain call for one of the most respected and successful managers in world football. If confirmed, Ancelotti's exit will mark the end of an era at Real Madrid one defined by class, calm authority, and European glory.