Jose Mourinho's confirmed appointment as Real Madrid's next head coach, following his pre-signed three-year contract and Florentino Pérez's re-election as president, has driven the market's 100% consensus on the Portuguese manager. After Álvaro Arbeloa's interim stint ended amid a trophyless campaign and early 2026 exit, club officials announced Mourinho's return on June 11 for a deal running until June 2029, with his arrival set for preseason on July 13. This second tenure builds on his prior 2010-13 spell that delivered La Liga and Copa del Rey titles. Trader pricing reflects the official board statement and Pérez's explicit backing, leaving minimal room for alternatives like Arbeloa or others. Only unforeseen developments such as a sudden contract termination or major club upheaval could realistically shift the outcome before the season starts.