Real Madrid manager Carlo Ancelotti has agreed a new deal with the European Cup holders.
The Italian, aged 55, has been linked with jobs in the Premier League, however he is set to commit his future to the Spanish side.
Madrid based newspaper, Marca, suggest that Ancelotti will be handed a significant pay rise in his new deal, with his current contract expiring at the end of next season.
Ancelotti guided Madrid to a European Cup title and a Copa Del Rey triumph, with Real also topping the league standings this current season.
The same news source also suggest that Real Madrid are closing in on 21-year-old Brazilian, Lucas Silva.
The midfielder, who currently plays for Brazilian side Cruzeiro, should sign in the next few days, in preperation for a move in the summer.
by Ben Reardon
@BenReardon1
