Arsenal boss Arsene Wenger is Real Madrid president Florentino Perez's top choice to replace Jose Mourinho at the end of this season.
Mourinho is expected to leave Real in the summer after railing against senior players and also the local press.
El Confidencial says Perez has already decided he needs to identify a replacement for the Portuguese and wants either Wenger or PSG coach Carlo Ancelotti as his successor.
Wenger has also been linked with Ancelotti's job at PSG and is now inside the final 18 months of his current Arsenal deal.
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