The Italian manager leaves his position as manager at Premier League side Everton to rejoin the Spanish giants. After the news of his departure broke, he took to Twitter to thank the club.
“I leave taking with me all the amazing moments we have experienced together and wish the Club and fans all the best.”
A former Italy international player, Ancelotti has consistently been a trophy winner during his illustrious playing and management career and is one of only three managers to win three Champions Leagues.
The 61-year-old has previously managed European superpowers AC Milan, Chelsea, Paris Saint-Germain and Bayern Munich, winning trophies at all those clubs.
During his time in Madrid with Real, he helped the club to its long-awaited 10th Champions League title in 2014, beating city-rivals Atletico in the final.
He left just a year later, but returns in 2021 on a three-year deal after Real’s first season in 11 years without lifting a trophy.
“While I have enjoyed being at Everton I have been presented with an unexpected opportunity which I believe is the right move for me and my family at this time.”
It leaves Everton searching for its sixth permanent manager in five years.