According to the spanish website marca.com the Italian coach has reached an agreement with Jorge Valdano and is moving to Madrid for the next 3 seasons. The only thing missing is the signature.
The deal is to be anounced by the end of the next week and plans about the roster are already being made. The coach's first decisions have to be about the players whose contracts are ending namely Raul Lopez, Alex Mumbru and Tomas Van den Spiegel. Tomas and Massey are most likely out of the team.