CARLO ANCELOTTI and Real Madrid have reached a verbal agreement over his exit, according to reports.
It was reported last month that the Italian was set to leave the Spanish giants after being eliminated from the Champions League and beaten in the Copa del Rey final.
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Ancelotti has been heavily linked the vacant post of the Brazil national team, where he is said to have agreed a deal to take over through to the end of the 2026 World Cup.
Conversations have been ongoing with Madrid over the terms of his exit which were largely dependent on reaching an agreement over his salary for the remainder of his contract at the Bernabeu.
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