Nigeria, May 23 -- Real Madrid has announced that it has agreed on personal terms to discontinue its partnership with Carlo Ancelotti at the end of the current season.

"Real Madrid C. F. and Carlo Ancelotti have reached an agreement to bring an end to his time as Real Madrid coach. Our club wishes to express its gratitude and appreciation for a man who is a true legend of both Real Madrid and world football."

Carlo Ancelotti holds the record as the most successful manager in Los Blancos' history, winning 15 trophies in his six seasons in charge, the most by any manager. During those seasons, he won: 3 European Cups, 3 Club World Cups, 3 European Super Cups, 2 LaLiga titles, 2 Copas del Rey, and 2 Spanish Super Cups.

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