Zinedine Zidane has been approached by Real Madrid President Florentino Perez about a possible return to the Santiago Bernabeu.
Los Blancos were knocked out of the Champions League by Ajax with a humiliating 4-1 defeat and 5-3 on aggregate.
The French manager led Real to three consecutive Champions League titles including a La Liga triumph during his over two and half-year spell with the club.
But the 46-year-old left the Spanish capital because of Perez just days after winning last season’s competition and he will not return while he runs the club.
Ex-Madrid president Roman Calderon is gaining support behind the scenes and it is understood he could force a presidential election.
The 1998 Word Cup winner with France has also been tipped as clear favourite to become Chelsea’s new manager next season.
Reports claim the French gaffer is willing to wait until the end of the season before the Blues decide Maurizio Sarri’s future at Stamford Bridge.
It is understood Zizou is close to agreeing a deal with the west London side but it has been put on hold to know if the club would secured a Champions League berth next season.
Meanwhile, Continentour.com.ng had earlier reported that Zinedine Zidane has revealed that Real Madrid’s downfall was inevitable following the club’s exit in the Champions League.
His former club suffered an embarrassing defeat to Ajax as they fell 4-1 at the Bernabeu losing 5-3 on aggregate.
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