Real Madrid could be preparing to part ways with Carlo Ancelotti, and former midfield maestro Xabi Alonso has once again emerged as the frontrunner to take the reins at the Santiago Bernabéu — but it might come at a steep cost.
According to a report from 90 Min, Madrid’s interest in Alonso has intensified following their Champions League exit at the hands of Arsenal, which cast fresh doubts over Ancelotti’s future despite his previous domestic and European success. With a crucial Copa del Rey final against Barcelona on the horizon, the Italian manager could be approaching the end of his second spell in the Spanish capital.
Alonso’s Rise: From Leverkusen Savior to Madrid’s Main Target
Alonso, currently managing Bayer Leverkusen, has earned widespread praise for orchestrating a stunning transformation at the German club. Since taking over when they were languishing near the bottom of the Bundesliga, he has led them to an unbeaten domestic run by 2024, turning heads across Europe and earning admiration for his tactical maturity and calm leadership.
His achievements have not gone unnoticed by Madrid, where he once patrolled the midfield under José Mourinho and Ancelotti himself. The allure of bringing back a club legend — now a coaching prodigy — is growing too strong to ignore.
Breaking the Bank for a Boss?
While Alonso’s current contract with Leverkusen runs until 2026, there’s a catch: no release clause. That means Madrid will have to negotiate directly with the German side to release the Spaniard. According to reports, a fee between €10 million and €20 million could be required.
If Madrid agrees to pay the upper figure of €20 million, Alonso would become the third-most expensive manager in history, trailing only:
- Julian Nagelsmann (€25 million to Bayern Munich from RB Leipzig)
- Graham Potter (£20 million to Chelsea from Brighton)
Alonso Staying Focused – For Now
Despite the ongoing speculation, Alonso has remained composed, reiterating his commitment to Leverkusen’s title charge and urging his players not to be distracted by rumors surrounding his future.
“I’m fully focused on our goals this season. We still have games to win,” Alonso said when asked about the Madrid links.
However, inside sources claim that discussions between Madrid and Alonso’s camp are already underway, and with Ancelotti’s position under review, the appointment could happen sooner rather than later.
What’s Next for Real Madrid?
Should Madrid fail to clinch silverware in the Copa del Rey final, the pressure to usher in a new era may be unavoidable. And if that’s the case, Xabi Alonso — a man who knows the club inside and out — could be the perfect architect for Real Madrid’s next chapter.
For now, fans wait as the chessboard of elite football management continues to shift.
