Former Chelsea and PSG coach, Carlo Ancelotti Appointed As Real Madrid Manager as Laurent Blanc moves in at PSG

Real Madrid have confirmed the appointment of the Italian Carlo Ancelotti as their new coach, with the former Chelsea and Paris Saint-Germain Manager signing a three-year contract.

The Italian will be presented to the media in the Bernabéu's Royal Box on Wednesday having been replaced at Parc des Princes by the former France World Cup winner Laurent Blanc.

Ancelotti began his career in 1974 with Parma. In 1979, he transferred to Roma, as captain and midfielder, where he won the Italian championship in 1983, the Coppa Italia four times, and helped Roma to reach the European Cup final in 1984. From 1987 until 1992, he played for Milan, and was part of the squad that won consecutive European Cups in 1989 and 1990.

He went on to take charge of Parma, Juventus, Milan - where he won the Champions League in 2003 and 2007 - as well as Chelsea prior to joining PSG.

Ancelotti has won league titles in England, France and Italy, and Real Madrid will be hoping he can elevate them above Spanish champions Barcelona as well as delivering their first Champions League crown since 2002.

Ancelotti, 54, has been linked with the post since Mourinho's departure and had asked to leave PSG, but the deal was reportedly held up until the French champions found a replacement. That man was Blanc, who was also appointed as Ancelotti's successor by PSG on a two-year deal. The 47-year-old Blanc, who left his job as France coach after their Euro 2012 quarter-final exit, led Bordeaux to the French title in 2009.

"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," read a club statement. "The board of Paris Saint-Germain has given Laurent Blanc the mission to build on last season and to continue the club's ascendency towards the summits of the European game.

Blanc played for Montpellier, Auxerre, Barcelona, Inter Milan and Manchester United among others during his playing career, and the former central defender was also part of the French side which won the 1998 World Cup and Euro 2000.

As a manager, he led Bordeaux to the 2009 French league title before having a stint in charge of his country's national team between 2010 and 2012.

He will now assume control of a PSG outfit which has become one of European football's major players since being taken over by Qatar Sports Investments in August 2011.