The Real Madrid boss is set to sign a new contract with Real Madrid, after his side beat Granada 4-0 to climb to the top of the La Liga table.
The win over Granada was their 11th consecutive win in all competitions for Carlo Ancelotti's team and as the pundits analysed Madrid’s weekend performance on Revista de La Liga on Monday night, Sky Sports expert Guillem Balague broke the news.
“It seems like the club has already negotiated a new deal with him,” said Balague. “His deal finishes in 2016 so the possibility is to renew it until 2017 or 2018.
“It’s funny because if that corner from Modric in minute 93 of the Champions League final had gone one centimetre the wrong way and Sergio Ramos had headed it wrongly, Ancelotti would have been sacked.
“[Real Madrid president Florentino] Perez didn't believe completely in what he was doing,” he added.
“If they hadn't won the Champions League, they also did badly in the league against a Barcelona who were poor and Atletico Madrid who won the league, he would have been sacked.”