Real Madrid have officially confirmed the departure of Carlo Ancelotti by the season's end.The Italian coach is set to bid farewell to fans and the club after their last game of the season against Real Sociedad on Saturday, May 24.

In a statement from the club shared on Friday, the Spanish giants expressed their gratitude to the coach, hailing him as one of the greatest the club has had in the over-a-century-old club.

“Real Madrid C. F. and Carlo Ancelotti have reached an agreement to end his time as Real Madrid coach. Our club would like to express its gratitude and affection to one of the great legends of Real Madrid and world football.

“Carlo Ancelotti has led our team through one of the most successful periods in our 123 years of existence and has become the coach with the most titles in our history: Three European Cups, three Club World Cups, three European Super Cups, two leagues, two Copa del Reys, and two Spanish Super Cups. In total, 15 titles during the six seasons in which he has belonged to our club,” parts of the statement read.

The club's president, Florentino Perez, added, “Carlo Ancelotti will forever be part of the great Madridista family.

“We feel incredibly honoured to have had the chance to enjoy a coach who has helped us achieve so much success but who has also embodied our club’s values in such exemplary fashion.”

Reacting to the club's official announcement, Ancelotti thanked all members of the club, highlighting the hard work and memories created together at Bernabeu, labeling it as now a part of "football history.

He, however, acknowledged that though a new journey begins, his "bond with Real Madrid is eternal. See you soon, Madridistas.”

He wrote in a social media post, "Today we part ways again. Once again I take in my heart every moment lived in this wonderful second spell as Real Madrid coach

“They have been unforgettable years, an incredible journey full of emotions, titles, and, above all, the pride of representing this badge.

“Thanks to the president, Florentino Perez, to the club, to my players, to my staff, and, above all, to this unique fan base that has always made me feel like one of them.

“What we have achieved together will remain forever in the memory of Real Madrid fans, not only for the triumphs, but for the way we achieved them. The magical nights of the Bernabeu are now football history.

“Now a new adventure begins, but my bond with Real Madrid is eternal. See you soon, Madridistas.”

Ancelotti’s current deal with Real was set to expire in June 2026; however, he is set to depart Madrid soon.

He leaves the Santiago Bernabéu as one of Real Madrid's most successful managers, leading the team to secure 15 trophies during his two stints as head coach of the club.

Last season Real Madrid, under the coaching of Ancelotti, won both the Champions League and the Spanish La Liga title.

However, amid his successful stint with the club, Sunday’s El Clasico defeat left Real seven points behind leaders Barcelona with three games remaining.

This suggests that Real will end the season without a trophy for the first time in four years.