Real Madrid president Florentino Perez has spoke out to say that the club are close to the signing of Malaga star Isco, and Paris Saint-Germain manager Carlo Ancelotti.
Ancelotti, has been said to be the next replacement for Jose Mourinho, who a few weeks ago linked back up with former club Chelsea.
Perez also confirmed that the club are close to signing Isco, which would mean fighting off a potential bid from Manchester City. The 21 year old, featured for the recent u21 European Championship winners, Spain.
Perez, the Madrid president, told 20Minutos:
"Now nothing has been signed,"
"PSG could announce an agreement tomorrow which would allow him to join Madrid. We hope that everything turns out well. My coach is Ancelotti.
"The signing depends on Paris Saint-Germain reaching an agreement with Ancelotti and announce their new coach, [Laurent] Blanc.
He then spoke about Isco:
"He has a big chance to be a Real Madrid player because he wants to go to Madrid and Madrid want him too.
"Isco is one of Spain's best players and the coaching team believe he's good enough to play for Madrid. I know he's excited to come. It's the same with me.
"If all goes well, we can announce his signing soon. Always after annoucning the coach."