The former Liverpool and Chelsea boss, has endured a tough season at the Bernabeu since taking over in June, and while he only finds his side four points off Atletico at the top of La Liga, he has had fallouts with key players and been criticised for a defensive style of football.
He was also denied the chance for another piece of silverware, the Copa del Rey, after an administrative gaffe saw them expelled for fielding an ineligible player against Cadiz. It leaves the Champions League as their most likely chance of glory this season, but club president, Florentino Perez has opted for a change ahead of their round-of-16 tie with Roma next month.
Directors of the Spanish club have been consulting throughout Monday after Madrid failed to beat Valencia on Sunday evening.
Club president, Florentino Perez has called a board meeting for Monday afternoon which will be followed by a press conference in which an announcement is expected later on today.
Zinedine Zidane - the coach of Real Madrid's second team, Castilla, is expected to take over.
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