Sportmediaset says Ancelotti has signed a "non-binding" pre-contract with Manchester City last month, despite having a contract at the Bernabéu until June 2016.
It's reported: "In the case that he does not feel supported [after elimination from the Champions League] by the president, players and fans of Real Madrid, the Italian coach will say 'adios' and good luck".
Senior players such as Sergio Ramos and Marcelo have backed former Chelsea boss Ancelotti to continue at the Bernabéu. However, neither Emilio Butragueño nor Florentino Pérez have stated that Ancelotti will remain in charge.
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