According to reports in Spain, Real Madrid are refusing to pay Paris Saint-Germain boss Carlo Ancelotti’s release clause ahead of a proposed switch to the Bernabeu this summer.
The former Chelsea manager is wanted by Madrid president Florentino Perez to replace Jose Mourinho, who is likely to seal a summer return back to Stamford Bridge.
However, Ancelotti’s reported £3.4m release clause at PSG is proving to be a stumbling block and Perez is allegedly becoming frustrated with negotiations – giving the Italian a ten-day deadline to sort out his future, Spanish news outlet Marca reports.
Despite the club paying sizable fees in the past to secure the services of previous boss Manuel Pellegrini and current manager Jose Mourinho, the Spanish giants are set to stand firm, telling Ancelotti that the deal to bring him to the Bernabeu will not include a financial compensation package.
Ancelotti is expected to meet with PSG owner Nasser Al-Khelaifi this week and inform the Qatari businessman that he wishes to switch to the nine times Champions League winners.
Jose Mourinho, however, still holds the key to any deal going through, and with his return to Chelsea still not confirmed, speculation is set to increase as the managerial merry-go-round continues.