Liverpool and Bayern Munich are the two teams he has been linked to the most because of his past achievements as a player in those clubs. And seeing how in need of a new coach they are, he could consider them and join any of them after leaving Bayern Leverkusen.
Real Madrid have a great squad line up now and any coach that gets to manage this squad well will win more big m records to their names and their achievements will be much in a short time. The repetition of the Champions Legaue Trophy three times in a row can be replicated by Real Madrid again with this kind of squad they’ve put together.
But so far, no official statement has been issued by Alonso. on the other hand, previously the CEO of Leverkusen believed that Xabi Alonso would stay at BayArena. although many newspapers are linking the Leverkusen coach's departure next summer, either joining Bayern or Liverpool. after all, both teams are both very interested in Xabi Alonso's services to replace their coach next season. We'll see whether Xabi will leave or stay at Leverkusen.
Talking about Real Madrid, this team is a giant team in the Spanish League. Madrid has a fairly competitive squad, especially if Mbappe joins next season. thus, Don Carlo should have a very tough team. however, not all coaches can handle the Real Madrid squad well if the coach does not have strong character and experience in handling big teams. because the coach must be able to be a leader who has characteristics, whether his team is competing or training, especially in the dressing room. because in the squad of a big team like Madrid, there are many star names who of course have big egos. well, Ancelotti is one coach who is able to handle Madrid well. also, he is highly respected by his squad.
Talking about the Champions League, this season it seems that the match will not be easy for Madrid who meet Manchester City.