Real Madrid have identified Jurgen Klopp and Mauricio Pochettino as candidates to become their new manager if they decide part ways with Alvaro Arbeloa.
On Wednesday, Los Blancos were eliminated from the Champions League by Bayern Munich.
Madrid are also nine points off Barcelona in LaLiga.
As it stands, Arbeloa’s men are set to finish the season without any silverware.
According to Daily Mail, the club’s president Florentino Perez admires both Klopp and Pochettino.
Klopp is currently in a senior role with the Red Bull group while Pochettino will take charge of the USA at the World Cup this summer.