Ancelotti signs three-year deal as Real Madrid coach
Real Madrid have appointed Italian Carlo Ancelotti as their new coach, the Spanish club announced this morning.
The former Paris St Germain coach has signed a three-year contract with Real.
The 54-year-old Italian was widely reported as the front-runner to replace Jose Mourinho, who has returned to manage Ancelotti's former club Chelsea, at the Bernabeu despite being under contract with French champions Paris St Germain.
Real have not confirmed if any compensation has been paid to PSG, but a statement published on www.realmadrid.com today read: "Carlo Michelangelo Ancelotti will coach Real Madrid next season.
"The Italian has experienced success in every country where he has managed and arrives in the Spanish capital after being named coach of the season in France."