Real Madrid have reached a full agreement with Xabi Alonso to take over as the club’s next head coach, according to transfer expert Fabrizio Romano.

Alonso, currently managing Bayer Leverkusen, has signed a three-year contract that will keep him at the club until 2028. His appointment marks the end of Carlo Ancelotti’s tenure and the beginning of a new chapter under the former Real Madrid midfielder.

Romano broke the news on Monday via X, stating, “Xabi Alonso to Real Madrid, here we go! Story confirmed and deal sealed for Xabi as new manager until 2028.”

The deal reportedly includes a finalized backroom staff, with Alonso set to begin his reign during the upcoming FIFA Club World Cup. “Staff sorted, contract in place and three year deal for Alonso with Real planning for him to start at FIFA Club World Cup,” Romano added.

Carlo Ancelotti, who has guided the team to numerous major trophies, is expected to bid farewell in the coming weeks. Romano concluded, “Ancelotti farewell soon, then Xabi era.”