They still have time to find a possible replacement, so the last word is not said on this matter.
Honestly, I have good expectations, but if I understand correctly, they would also lose the coach who goes to coach Brazil or am I wrong? So it could get bad
Yes, you're right, Ancelotti will be coach of Brazil team in the summer 2024, so he'll still have a whole season to win La Liga and possibly another Champions League. ) By the way, there are rumors that Real have already offered Negelsman a place in Real, after Ancelotti's departure, so that he waits for this season and does not sign contracts with other teams. Maybe it's just a rumor, but who knows. )
I thought that if a coach coaches a national team, it doesn't prevent him from coaching a club... I could be wrong, but I think some coaches have coached national teams and clubs at the same time... Although probably for Real Madrid this option is not suitable... I didn't realise Ancelotti would be leaving the club in a year...