Real Madrid have confirmed Carlo Ancelotti will leave Paris Saint-Germain to take over at the club following the
exit of Jose Mourinho earlier this summer.
The Italian coach has signed a three-year deal and will be presented on Wednesday to reporters and the general public.
Madrid immediately made Ancelotti their primary target following Mourinho's departure to Chelsea, but PSG initially refused to let go of the 54-year-old.
However, they have now opted to allow Ancelotti to move on after appointing Laurent Blanc as their new head coach.
"Real Madrid will present Carlo Ancelotti as the new coach of the first team for the next three seasons on Wednesday June 26," a statement on the club's website reads.
"The event will take place in the Santiago Bernabeu Royal Box at 13:00CET. Carlo Ancelotti will then appear before the media in the press room."
Ancelotti had been in charge of PSG since December 2011 and guided them to only their third Ligue 1 title in history this term and the first in 19 years.
He previously enjoyed success with Chelsea and AC Milan, while also coaching Juventus, Parma and Reggiana in the early stages of his career.
The Italian coach has signed a three-year deal and will be presented on Wednesday to reporters and the general public.
Madrid immediately made Ancelotti their primary target following Mourinho's departure to Chelsea, but PSG initially refused to let go of the 54-year-old.
However, they have now opted to allow Ancelotti to move on after appointing Laurent Blanc as their new head coach.
"Real Madrid will present Carlo Ancelotti as the new coach of the first team for the next three seasons on Wednesday June 26," a statement on the club's website reads.
"The event will take place in the Santiago Bernabeu Royal Box at 13:00CET. Carlo Ancelotti will then appear before the media in the press room."
Ancelotti had been in charge of PSG since December 2011 and guided them to only their third Ligue 1 title in history this term and the first in 19 years.
He previously enjoyed success with Chelsea and AC Milan, while also coaching Juventus, Parma and Reggiana in the early stages of his career.
Former France head coach Laurent Blanc has been confirmed as Paris Saint-Germain's new head coach.
On the same day that former boss Carlo Ancelotti was named as Jose Mourinho's successor at Real Madrid, the Ligue 1 champions have agreed a two-year deal with the 47-year-old.
"Paris Saint-Germain is delighted to announce the appointment of Laurent Blanc as coach for the next two years," an official club statement read.
"He will take charge of the squad on July 1, 2013, for the start of pre-season training."
The appointment signals the end to a saga at Parc des Princes, with Tottenham boss Andre Villas-Boas and Russia manager Fabio Capello previously rejecting the role.
Former Barcelona coach Frank Rijkaard then voiced his lack of interest in the position before club president, Nasser al-Khelaifi, changed his sights to Blanc.
Following a highly successful 20-year playing career - which including World Cup and European Championship winners' medals - Blanc won a league and cup double in his second season in charge of Bordeaux.
Blanc took charge of France 12 months later, guiding les Bleus through Euro 2012 qualification and an eventual quarter-final exit to tournament winners Spain before stepping down from the role.
Goal.com
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