Immediately after Real Madrid's draw with Real Betis in LaLiga on Sunday, Florentino Perez reportedly held an emergency meeting with Carlo Ancelotti.
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The stalemate with Betis at the Benito Villamarin Stadium was Los Blancos' third successive match without a win.
First, they drew with cross-town rivals Atletico Madrid, before losing at home to Barcelona in the first leg of their Copa del Rey semi-final, and after sharing the spoils with Manuel Pellegrini's charges this past weekend, it is understood that club president Perez wanted an urgent word with Ancelotti.
According to Relevo, the Spanish executive had a lengthy conversation with the former AC Milan and Chelsea boss, which delayed the 63-year-old's post-match media obligations.
Perez is believed to have told his manager he has been unhappy with the team selection and performances as of late.
His meeting with Ancelotti came after tensions that had reportedly built up since Los Merengues' Supercopa de Espana final loss to the Catalan giants earlier this season.
While the team did perform better after that ElClasico defeat, their recent results against the Blaugrana, Atletico and Betis are said to have reignited to the club president's frustrations.
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Real appear to be faltering in their attempt to retain their LaLiga crown as they sit nine points behind league leaders Barca.
The same report suggests that should Ancelotti fail to turn around Copa the semi-final encounter with Xavi Hernandez's men in the second leg, there is a high likelihood the four-time UEFA Champions League winner will be relieved of his duties.
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