Carlo Ancelotti confirmed as new Real Madrid manager

Former Chelsea manager Carlo Ancelotti has been confirmed as the new boss at Real Madrid following Jose Mourinho's return to Stamford Bridge.

The Italian, who won the Premier League and FA Cup double with the Blues in 2010, takes the reins at the Bernabeu after leading Paris Saint-Germain to the French title last season.

Ancelotti's old job at PSG has been taken by former France manager and Manchester United defender Laurent Blanc.

Real have not confirmed the length of contract handed to Ancelotti, or if any compensation has been paid to PSG, but a statement published the club's website read: 'Carlo Michelangelo Ancelotti will coach Real Madrid next season.

'The Italian has experienced success in every country where he has managed and arrives in the Spanish capital after being named coach of the season in France.'

Madrid will present Ancelotti as their new coach on Wednesday afternoon in the Royal Box at the Bernabeu before speaking to the media.

Minutes after Ancelotti was announced as Madrid boss, PSG confirmed Blanc, who has been in talks with the club since last week, as his replacement in the French capital.

A club statement read: 'Paris Saint-Germain is delighted to announce the appointment of Laurent Blanc as coach for the next two years. He will take charge of the squad on 1 July 2013 for the start of pre-season training.'