#3 Roberto Martinez
Roberto Martinez is currently doing a decent job with Belgium. Such is the quality of his work that Barcelona were linked with a swoop for him before appointing Xavi Hernandez last year.
Since taking charge of the national team in the summer of 2016, the Spaniard has overseen 69 games, recording an impressive 51 victories, 11 draws and seven defeats. Martinez has also made his impact felt at club level, leading Wigan to the FA Cup title in the 2012-13 campaign.
Moreover, his Belgium team is currently playing some brilliant attacking football, with quick transitions and nice movement, something that'd suit Real Madrid well. Martinez is indeed one of the best options to replace Carlo Ancelotti at the Santiago Bernabeu.
#2 Thomas Tuchel
Real Madrid's obsession with UEFA Champions League-winning managers is well-documented. Thomas Tuchel has put himself in the category of managers the Spanish giants are likely to target after he led Chelsea to the European crown last season.
Although the tactician has had another decent outing with the Blues this season, there's huge doubt over his continuity at Stamford Bridge beyond the campaign. That is because of the sanctions placed on the club and its owner Roman Abramovich by the UK government following Russia's Ukraine invasion.
Tuchel could end up leaving Chelsea at the end of the term. He could be the one to take over from Carlo Ancelotti at the Santiago Bernabeu next season.
#1 Joachim Low
Former Germany manager Joachim Low is one who stand a chance of succeeding Carlo Ancelotti at Real Madrid. The 62-year-old wrote his name in the history books, after leading his nation to the FIFA World Cup title in 2014.
Low spent a whopping 15 years in charge of the German national team, between 2006 and 2021. During his time with Die Mannschaft, the tactician oversaw 198 games, recording 125 victories, 39 draws and 34 defeats.
The 62-year-old has been away from the sidelines since parting ways with the national team last summer. It would be interesting to see if he returns to Real Madrid as a replacement for Carlo Ancelotti.