Carlo Ancelotti is reportedly set for crisis talks with Real Madrid president Florentino Perez following the club's difficult run of form.
Ancelotti, who is in his second spell with the Spanish giants, has won 14 trophies across 310 games with the club, including three Champions League titles.
Real won the competition in 2023-24, but Wednesday's 2-0 defeat by Liverpool saw their hopes of defending the crown thrown into doubt.
Los Blancos were outclassed at Anfield and now sit 24th in the league phase with two wins and three defeats from five games, meaning the club may fail to qualify for the knockout stages.