The biggest news in the transfer market right now is Carlo Ancelotti's contract extension at Real Madrid. As far as I know Carlo Ancelotti has extended his contract with Real Madrid until 2025 which means we heard rumors in the past that Carlo Ancelotti will leave Real Madrid for Brazil but that rumor may not be true. But one thing I don't understand is how to extend the contract with another club when you already have a contract with one team. However, if Carlo Ancelotti has indeed extended his contract with Real Madrid, Brazil are going to miss out on a great opportunity to play under Carlo Ancelotti.
When the transfer market opened, Real Madrid became the team most associated with transfer rumors, for me this is very natural because Madrid is one of the most elite teams in Europe and even in the world. Ancelotti, who currently serves as head coach, has officially extended his contract until June 2026, we can see his statement from the club official website. Another rumor is about Mbappe, reportedly the PSG striker is getting closer to setting foot at the Santiago Bernebeu. Apart from that, there is also news that Arda Guler, who has not yet made his debut, is planning to be loaned out, in order to provide playing minutes and gain experience.
Reference :
https://www.realmadrid.com/en-US/news/club/announcements/official-announcement-carlo-ancelotti-signs-contract-renewal-29-12-2023