As speculation intensifies over the future of Carlo Ancelotti at Real Madrid, reports are once again linking Xabi Alonso with a sensational return to the Santiago Bernabéu — this time as head coach. With Ancelotti potentially departing before his contract expires in the summer of 2026, Real are believed to be eyeing Alonso as the ideal successor.

However, luring Alonso away from Bayer Leverkusen will come at a steep price. According to Bild, the Bundesliga champions will demand a significant compensation fee to release their manager from his contract.

The report claims there is a gentleman’s agreement between Alonso and Leverkusen allowing him to leave under specific financial conditions — reportedly a double-digit figure in millions of euros.

Xabi Alonso has guided Bayer Leverkusen to a historic season, including their first-ever Bundesliga title, and is currently one of the most sought-after coaches in world football. Real Madrid's interest is hardly surprising given Alonso’s legacy at the club as a player, and his rapid rise as a top-tier tactician.