José Mourinho holds overwhelming trader consensus as Real Madrid’s next manager following reports that the Portuguese coach has already signed a contract running until 2029. The move stems from Florentino Pérez selecting him to restore competitive edge after Álvaro Arbeloa’s interim stint and two trophyless seasons, with Benfica agreeing to release terms ahead of the June 7 presidential election. Pérez’s expected re-election clears the final hurdle for a formal announcement shortly afterward. Other candidates such as Arteta, Klopp, or Allegri register minimal implied probability because no comparable agreements or club interest have surfaced. An unexpected election result or last-minute shift in Pérez’s plans remain the only realistic factors that could alter the outcome before the appointment is finalized.