Real Madrid manager Carlo Ancelotti could be set for the exit door after suffering a 4-0 thrashing by Manchester City on Wednesday.

The former Everton and Chelsea boss admitted his side were beaten by the better team in what was Los Blancos’ joint-worst defeat in Europe in their club’s history.

Los Blancos set to change manager in the summer?

According to the Guardian’s Madrid-based reporter Sid Lowe, Ancelotti is fully aware that the axe could be coming when Real Madrid do not win the Champions League after he was relieved of his duties by current president Florentino Perez in his first spell at the club in 2015.

The experienced Italian has been linked with taking over as the new Brazilian national manager and the move may come sooner than planned with Perez reportedly looking to recruit a new head coach to rebuild an aging team that was totally outplayed by Manchester City in the Champions League Semi Final second leg.

Los Blancos were limited to just 41% of the ball and thankful to goalkeeper Thibaut Courtois for not suffering a more embarrassing scoreline.