Real Madrid have decided Santiago Solari will not be manager next season

Four-midable Ajax send holders Real Madrid tumbling

Santiago Solari was also involved, but refused to step down as caretaker manager of the club according to the report.

Former Manchester United manager Jose Mourinho is nearly 100 per cent certain to return to former club Real Madrid this summer, having left the La Liga giants in 2013 to rejoin Chelsea.

Real Madrid's Brazilian midfielder Casemiro (C) jumps for the ball during the UEFA Champions League between Real Madrid CF and Ajax at the Santiago Bernabeu stadium in Madrid.

After leaving due to his unhappiness at recruitment plans, Zidane would return at a time when Real need to rebuild their squad. Obviously it's a reason to be proud, but nothing more than that.

The Spanish club wasn't even in crisis at the time, still contending in the Spanish league, the Copa del Rey and the Champions League.

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Ex-Madrid president Roman Calderon is gaining support behind the scenes and it is understood he could force a presidential election. However, Madrid an eight-point cushion on fifth-place Alaves, the first team outside the Champions League spots for next season.

Four months after being brought in as Julen Lopetegui's successor, Solari's job is hanging by a thread on the back of three defeats in a week.

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.

The report also indicates that Perez spoke with Solari after the Ajax defeat to demand an explanation for the performance.

Jose is now the favourite to land the Real Madrid job even though there are a number of other names floating around but if the recently sacked Man United boss was to take up the job, it might be a great boost for Chelsea.

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