Carlo Ancelotti and Real Madrid have, reportedly, reached an agreement over the terms of his departure. The 65-year-old is in his second spell as manager of the club and, after winning the Champions League three times, is the most decorated coach in Real's vast history.

Trent Alexander-Arnold has confirmed he is leaving Liverpool — all that remains is for his move to Real Madrid to be rubber-stamped. But what will he be walking into at the Bernabeu? The general outlook at the club is looking a lot less positive than when the idea of joining Madrid on a free transfer began to take shape in April 2024.