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Ex-Liverpool manager Jurgen Klopp is reportedly being considered for the Real Madrid position if Carlo Ancelotti is fired.
Ancelotti has had a challenging year at the Bernabeu, with Los Blancos currently second in LaLiga and teetering on the edge of a Champions League quarter-final exit.
Real is set to host Arsenal in the second leg of its quarter-final clash on Wednesday.
Alonso enjoyed a successful five-year stint at the Bernabeu as a player, clinching LaLiga in 2012, two Copa del Rey titles and the 2014 Champions League.
However, they've had a tougher run this year and are currently six points behind Bundesliga leaders Bayern Munich.
His side was trounced by Bayern in the last 16 of the Champions League and suffered a surprise loss to third-tier Arminia Bielefeld in the semi-finals of the DFB-Pokal.
Jurgen Klopp could reportedly be in line to replace Carlo Ancelotti.
Yet, there's acknowledgment that finalising such an appointment would be challenging.
Having only begun his stint as Red Bull's global head of soccer this year, it's suggested that intrigue from Madrid could indeed tempt Klopp, along with the prospect of guiding stars like Kylian Mbappe, Vinicius Junior, and Jude Bellingham.
In January, when embarking on his journey with Red Bull, Klopp acknowledged that a return to coaching might allure him but stipulated one caveat
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