Real Madrid president Florentino Perez will meet with Carlo Ancelotti in the coming days to discuss plans for next season, with the coach’s job, according to ESPN, not at risk.

The 4-0 defeat to Man City in the Champions League semifinal this week has been met with great disappointment at the Santiago Bernabeu, but the club are wary of making drastic decisions in the heat of the moment.

There has been speculation about the future of Ancelotti, who has been targeted for the vacant Brazil job, but various sources have told ESPN that Perez’s idea is to stick with the Italian, who has a contract until the summer of 2024.

Ancelotti has been criticised for playing a 4-3-3 formation against City and for brining Eder Militao back into the defence when Antonio Rudiger had done such a good job against Erling Haaland in the first leg, a 1-1 draw in Madrid.

However, sources within the club believe the blame should be shared among the playing squad, acknowledging Madrid’s inferiority against City and admitting changes are needed over the summer.