( CNN ) -- The celebrations of Paris Saint-Germain 's first French title in 19 years have only just finished but the Qatari-owned club already face a fight to keep hold of one of the their most valuable assets -- manager Carlo Ancelotti . On Sunday , Ancelotti confirmed at the French Ligue 1 's end of season awards , where he was named coach of the year , that he has asked to leave the Parc des Princes . Ancelotti is rumored to be a key figure in a game of managerial musical chairs which could see the Italian move to Real Madrid to replace Jose Mourinho , who is reportedly on the brink of a return to former club Chelsea . `` I have asked the club to leave and I am waiting for their answer because I am under contract , '' confirmed Ancelotti , who also guided PSG to the quarterfinals of the European Champions League . Ancelotti could become the second high-profile exit from PSG in quick succession following the announcement of David Beckham 's retirement last week . While the Italian coach might be keen to leave , PSG president Nasser al-Khelaifa presents a major stumbling block to Ancelotti fulfilling that ambition . `` I think he signed a pre-contract with Real Madrid , but I ca n't imagine Real Madrid will make him sign an agreement or there will be a problem in law , '' he told Al-Jazeera . `` There will be no arm-wrestling . We just respect principles , contracts and what we said we would do . `` You have methods , situations in law and negotiations in order to make everything well . '' A bullish Al-Khelifa sees no reason why Ancelotti will not see out the remaining year of his contract . `` Yes , we had discussions , he asked to depart for Real Madrid , '' Khelaifi told beinsport.fr . `` I said it is not possible because he has a contract for one year more , so that is our decision . `` It is his problem , it is not our problem . We have offered him another year more on his contract as well as the one he has . When you have a contract , everyone is normally obliged to honor that . '' Mourinho is under pressure at Real following a trophyless season which has seen the Portuguese coach criticize a number of the club 's established stars . A 2-1 defeat to Atletico Madrid in last Friday 's Copa del Rey final , Real 's first loss to their neighbors in 14 years , is thought to have been the last straw , with newspaper El Mundo reporting Mourinho will be sacked - possibly during this week . Real are certain to finish second in the Spanish First Division and sit 13 points behind champions Barcelona with just fixtures against Real Sociedad and Osasuna remaining . Mourinho is favorite to fill the current vacancy at Chelsea , where he won two English Premier League titles and one FA Cup between 2004 and 2007 . Spain 's Rafael Benitez acted as interim Chelsea manager from November , leading the club to Europa League triumph and a third-place finish the league . But Mourinho 's name has been sung heartily by Chelsea fans at every recent match , with the Stamford Bridge faithful eager for the return of the coach known as `` The Special One . ''
Paris Saint - Germain manager Carlo Ancelotti wishes to leave the French club . Ancelotti has been linked with a move to Real Madrid . Current Real coach Jose Mourinho under ##lined after a turbulent season . Mourinho is rumored to be heading back to former club Barcelona .