According to Sky Sports, Carlo Ancelotti will leave Real Madrid immediately after the Copa del Rey final against Barcelona. The report states Ancelotti will not

Real Madrid manager Carlo Ancelotti said he does not know what his future holds as his side focuses on a “never-ending season” after they exited the Champions League on Wednesday. Madrid’s reign as European champions came to an end as they were defeated 5-1 on aggregate by Arsenal at the quarter-final stage.

The fallout from Real Madrid's UEFA Champions League exit could cost Carlo Ancelotti his job in the coming weeks. Los Blancos saw their UCL title ruthlessly ended by Arsenal as Mikel Arteta's side followed up a 3-0 quarterfinal first-leg win with a superb 2-1 return victory at the Estadio Santiago Bernabeu.