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Ancelotti has been tipped to replace Mourinho at Real in the summer with the Portuguese expected to return to Chelsea and the Italian coach made clear his desire to go to Spain despite having one more year left on his PSG contract.
"My wish is to leave the club," said the 53-year-old after meeting PSG president Nasser al-Khelaifi.
"I have asked to leave. We are going to wait for a response from the club who are going to take a few days to decide."
But al-Khelaifi insisted that Ancelotti, who this season led PSG to a first title since 1994, is going nowhere.
Ancelotti confirmed he had met al-Khelaifi and PSG sporting director Leonardo and was expecting a response to his request within a few days.
"We met with the president and with Leo. We'll have to wait a few days. There are possibilities. Real Madrid is one. But I have a contract here and I am waiting for the club to decide."
Leonardo confirmed that Ancelotti had asked to leave.
"What happened was that Carlo has asked to leave for Real Madrid but we want to keep him," he said. "He has another year on his contract. No decision has been made."
Ancelotti's first six months at PSG were largely disappointing as he took over a team at the top of Ligue 1, only to see them overhauled by Montpellier to miss out on the title.
However, this season he delivered on the club's twin objectives of winning the league and reaching the Champions League quarter-finals.
If he does leave, a source close to PSG said that former England boss Fabio Capello, currently in charge of the Russian national team, was the likely successor.
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