The Italian has requested to leave the club to speak to Real, who want him to replace Jose Mourinho.
Le Parisien have suggested that Real Madrid will be able to appoint Ancelotti within 24 hours as progress has been made with the French champions.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.