There has been significant speculation regarding Xabi Alonso in recent months, with Liverpool and Bayern Munich showing an interest in hiring the Basque coach, who is currently doing wonders with Bayer Leverkusen.
Liverpool and Bayern will both be looking for a new manager in the summer, which has led them to strongly consider Alonso. However, it seems now that neither the club has it, with The Times reporting that he intends to stay at top-flight Leverkusen for at least one more season.
This move also gives Real Madrid hope of landing Alonso, possibly next summer. Carlo Ancelotti signed a new contract in December, which has ruled out a new boss joining now, but the Italian could end up leaving in the next 12-24 months, opening the door for Alonso to take the reins.
Alonso is very well regarded Real Madrid, especially by Florentino Perez. He was a key player at the club as a player, and could end up returning as a manager in the coming years.