Madrid, Jan. 13 -- Real Madrid have announced the departure of coach Xabi Alonso, with Alvaro Arbeloa being named as his replacement.

The announcement comes a day after the team's 3-2 defeat to Barcelona in the Spanish Super Cup final.

In an official statement, the Spanish club mentioned that by "mutual agreement between the club and Xabi Alonso, it has been decided to bring his time as first team coach to an end."

"Xabi Alonso will always carry the affection and admiration of all Madridistas because he is a Real Madrid legend and has always represented the values of our club. Real Madrid will always be his home," the statement adds further.

Real Madrid thanked Alonso and his coaching staff for their work with the club and wished them...