Ancelotti moves to Real Madrid, Blanc appointed his PSG successor
June 25, 2013 -- Updated 1127 GMT (1927 HKT)
Laurent Blanc (right) has replaced Real Madrid-bound Carlo Ancelotti (left) as Paris Saint-Germain coach.
- Real Madrid appoint Carlo Ancelotti as new coach
- The Italian signs a three-year deal with the nine-time European champions
- PSG appoint former France coach Laurent Blanc as Ancelotti's replacement
- Blanc puts pen to paper on a two-year contract in the French capital
(CNN) -- Football's managerial merry-go-round swung into action Tuesday as both Real Madrid and Paris Saint-Germain ended months of speculation by appointing new coaches.
Carlo Ancelotti has left PSG to take over at Real, while former French national team coach Laurent Blanc has replaced the Italian in Paris.
Nine-time European champion Real has been searching for a new coach since Jose Mourinho moved to Ancelotti's former club Chelsea earlier this month.
Ancelotti has signed a three-year contract at the Bernabeu and will be presented to the media on Wednesday.
José Mourinho's press conference antics
Actor Rodrigo Santoro signs a poster for the film "Heleno", in which he plays the mercurial striker. A destructive personality, together with illness and drug problems prevented Heleno from becoming one of Brazil's greatest ever players. But he helped pave the way for some of the world's greatest soccer icons...
Brazil's greatest footballers
Bayern Munich players lift the trophy as they celebrate winning the UEFA Champions League final after beating Borussia Dortmund 2-1 at Wembley Stadium in London on Saturday, May 25.
Champions League Final: Dortmund vs. Bayern
Read: Guardiola unveils secret weapon
Former France captain Blanc's arrival at PSG was announced at almost exactly the same time as Ancelotti's appointment.
"Paris Saint-Germain is delighted to announce the appointment of Laurent Blanc as coach for the next two years," read a PSG 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."
Read: A fair World Cup deal for Brazil?
Both Ancelotti and Blanc will be tasked with improving their respective club's performance in the European Champions League.
Ancelotti will look to deliver an historic 10th triumph in Europe's premier club competition for Real, having won the competition twice as coach of AC Milan.
The 54-year-old also won the European Cup twice with Milan as a player.
Qatar-owned PSG will expect Blanc to mould an expensively-assembled squad into a major European force.
Blanc will have players such as Sweden striker Zlatan Ibrahimovic and Brazil captain Thiago Silva at his disposal at the Parc des Princes.
As a player, Blanc led the France team during the greatest period in its history.
He captained the team to victory on home soil at the 1998 World Cup, when France beat Brazil 3-0 in the final, before playing a central role in Les Bleus' win over Italy in the final of Euro 2000.
Blanc has been out of work since stepping down as France coach after Euro 2012.
Today's five most popular stories
Part of complete coverage on
October 21, 2014 -- Updated 1348 GMT (2148 HKT)
From the ancient ruins of Rome, a new empire rises. But the eyes of the city's newest gladiator light up at thoughts of the Colosseum.
October 21, 2014 -- Updated 1622 GMT (0022 HKT)
Once part of Germany's largest Jewish sports club, now he's the first ISIS suspect to stand trial in a country left shocked by his alleged radicalization.
October 17, 2014 -- Updated 1411 GMT (2211 HKT)
One goal in eight matches for new club Liverpool, and dumped by the Italian national team -- Mario Balotelli has yet to shine on his English return.
October 18, 2014 -- Updated 1819 GMT (0219 HKT)
Should a convicted rapist, who has served their time in prison, be allowed to resume their old job? What if that job was as a high-profile football player?
October 16, 2014 -- Updated 1247 GMT (2047 HKT)
After 10 years of golden glory, it's easy to see how Lionel Messi has taken his place among the football gods.
October 16, 2014 -- Updated 1034 GMT (1834 HKT)
When will the tears stop? A leading Italian football club is pursuing a new direction -- under the guidance of its new Indonesian owner.
October 13, 2014 -- Updated 2241 GMT (0641 HKT)
Norwegian 15-year-old Martin Odegaard is the youngest player ever to feature in a European Championships qualifying match.
October 10, 2014 -- Updated 1310 GMT (2110 HKT)
After revolutionizing cricket with its glitzy Twenty20 league, India has now thrown large sums of money at a new football venture.
October 2, 2014 -- Updated 1453 GMT (2253 HKT)
Get ruthless. That is Rio Ferdinand's message to soccer's authorities in the fight to tackle the scourge of racism.
September 10, 2014 -- Updated 1328 GMT (2128 HKT)
He's just 15 and the world is seemingly already at his feet. Norway's Martin Odegaard is being sought by Europe's top clubs.