The manager merry-go-round continues: Carlo Ancelotti confirmed as Real Madrid manager with PSG replacing him with Laurent Blanc
Ancelotti was the favourite to replace Jose Mourinho at the Bernabeu
Real Madrid have confirmed that Carlo Ancelotti will succeed Jose Mourinho at the Bernabeu.
The former Chelsea and AC Milan manager leaves Paris St Germain to take on the role in the Spanish capital.
PSG in turn have announced that Laurent Blanc has been appointed as Ancelotti's replacement at the Parc des Princes. The former France manager, who left his role with the national team after Euro 2012, has signed a two-year deal.
Ancelotti was installed as the favourite to lead Real Madrid as soon as it was announced that Mourinho would be leaving the club. The Italian boasts a fine record that includes winning the double at Chelsea and two Champions League titles with AC Milan.
A statement on Real's website read: "Carlo Michelangelo Ancelotti will coach Real Madrid next season.
"The Italian has experienced success in every country where he has managed and arrives in the Spanish capital after being named coach of the season in France."
The 54-year-old has signed a three-year contract.
His move to the Bernabeu, which he quickly expressed a desire to fulfill, was delayed while PSG sought a replacement for the man who led them to the Ligue 1 title last year.
The mega-rich team had been linked with Arsenal manager Arsene Wenger, Tottenham's Andre Villas-Boas and former England manager Fabio Capello among others.
Blanc, who played for Manchester United as a defender, is well respected in France and was credited with installing some order in the French national team after their disastrous 2010 World Cup campaign. He also led Bordeaux to a surprise Ligue 1 title in 2009. However, his appointment lacks the 'blockbuster' nature of some of the other managers linked with the role.
Latest in Sport
Arsenal vs Chelsea: Praise to Arsene Wenger for having the courage of his convictions
Floyd Mayweather vs Manny Pacquiao: The biggest fight of all time, or maybe just the most lucrative?
What time does Floyd Mayweather vs Manny Pacquiao start?
Floyd Mayweather vs Manny Pacquiao: What time does it start and where can I watch it?
Chelsea transfer news: 'Eden Hazard will cost Real Madrid £100m - and a Galactico,' says Jose Mourinho
- 2 Why this father didn’t hide his daughter’s heroin overdose in her obituary
- 3 Smartphones are making children borderline autistic, says psychiatrist
- 4 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
Rupert Murdoch berated Sun journalists for not doing enough to attack Ed Miliband and stop him winning the general election