Antonio Conte has turned down the Real Madrid job because he has set his sights on becoming the next Manchester United manager.
The Italian had been favourite to take over Julen Lopetegui at Real but the club instead appointed Santiago Solari on a "provisional basis".
Former Chelsea boss Conte could of course still be named Los Blancos boss on a permanent basis, but it has now been claimed that Florentino Perez wants to bring Mourinho back to the Santiago Bernabeu.
According to Italian publication Gazetta dell Sport, the Real Madrid president views the Portuguese as his top target.
Conte knows if Mourinho goes then the job at United will be available in the summer, and with little managerial talent available he is also aware he will be a strong contender for the job. It is an idea that very much attracts the 49-year-old.
For now, Conte being out of work could prove expensive for Chelsea. It was reported on Tuesday that Chelsea may now have to shell out £7m to Conte.
The Italian's 2017 contract states he is entitled to his £9.5m wages for one year, or until he gains fresh employment.
According to Sky Sport Italia reporter Giovanni Guardala, Conte could hold out for the United job.
"Conte is going back to London after his holiday," Guardala said. "There are many rumours about his future, Real Madrid is tempting him but Manchester United is a team that Conte really likes.
"There are players like Paul Pogba, whom he coached at Juventus. Or Alexis Sanchez, Herrera and Lukaku, three players he has always wanted to sign."