Spanish soccer giants Real Madrid will next week unveil AC Milan coach Carlo Ancelotti as their new manager, Cadena Ser radio said Thursday.

According to the radio station, Ancelotti "has agreed to come on board for the coming season".

It added that Arsenal star Henry, who according to reports elsewhere is also a target for Barcelona, would likely follow, particularly if he can first complete his dream of leading the Gunners to the Champions League title.

Both Ancelotti and the French striker have unfinished business in Europe's premier club competition.

The nine-times European champions have been coached by former reserve coach Juan Ramon Lopez Caro since Brazilian Wanderley Luxemburgo was fired mid-season but that move was intended only as a stop-gap solution.

Source: Xinhua