Sky Sports sources understand Jose Mourinho is set to leave Real Madrid at the end of the season as speculation grows about his return to Chelsea.
Mourinho is expected to take charge of Chelsea again this summer and Real have fuelled speculation about his departure by calling a press conference for this evening.
President Florentino Perez is due to speak to the media and will confirm that the club have agreed to let Mourinho leave at the end of the current campaign.
PSG coach Carlo Ancelotti is in line to replace him, but the newly-crowned Ligue 1 champions are reluctant to let him go.
Club president Nasser Al Khelaifi said: "Yes, we had discussions, he asked to depart for Real Madrid.
"I said it is not possible because he has a contract for one year more, so that is our decision.
"It is his problem, it is not our problem. We have offered him another year more on his contract as well as the one he has.
"When you have a contract, everyone is normally obliged to honour that."
Ancelotti admitted his interest in the Real job at the Ligue 1 awards evening.
He said: "Real is a possibility but I have a year left on my contract. It is the club who will decide.
"We have to decide together. My decision is to leave the club. It is not easy because I have had a very good relationship with everyone.
"It is not the time to explain the reason why I wish to leave the club, and perhaps I will never explain it."
source
edit:big Flo just confirmed it,Jose is gone at the end of the season!