Real Madrid has appointed Italian Carlo Ancelotti as its new coach on a three-year contract, the Spanish club said on Tuesday.

The former Paris St. Germain manager will be presented on Wednesday and will replace Jose Mourinho who left at the end of last season to join Chelsea.

"Familiar with the pressures of managing the great teams of the continent (Juventus, AC Milan, Chelsea and PSG) the Italian is a guarantee to direct an exciting project," Real said on its website.