PSG reject Real Madrid approach for Carlo Ancelotti

Paris Saint Germain have rejected a bid from Real Madrid to take their manager Carlo Ancelotti to the Bernabeu, however the Italian has refused to comment on whether he will stay or go this summer. The news almost certainly means that Jose Mourinho will leave the Bernabeu at the end of the season, with former club Chelsea the hot favourites in the race for his signature.

On Sunday Ancelotti guided PSG to their first French Ligue 1 title in 19 years after beating Lyon 1-0. The 53-year-old took charge of the capital club in the summer of 2011 and, with the help of a massive transfer kitty, has brought success back to Paris. They have also emerged as a growing force in Europe, coming agonisingly close to stunning Barcelona in the quarter-finals of the Champions League.

Rumours are now gathering pace that Ancelotti could now be set to test himself in Spain with Real Madrid. The former Chelsea boss, who has one year left on his contract, has so far remained muted on his future and whether he will still be at PSG next season, but when Real come calling it is hard to say no. It is easy to see why the Spanish giants are keen to lure him to the Bernabeu as he boasts an impressive CV having won league titles in Italy, England and France.

He is currently the hot favourite with all bookmakers in the Next Real Madrid Manager Market, with Sky Bet pricing him at just 1/3, while Rafa Benitez can be found at 10/1 and Andre Villas-Boas at 20/1.