Real Madrid president Ramon Calderon revealed the club
held talks with Arsene Wenger but is set to give the manager's job
to Bernd Schuster.
Madrid are set to appoint a new coach next week following Fabio
Capello's dismissal shortly after guiding the team to the Primera
Liga title.
The Arsenal manager is among the coaches Madrid have considered to
take over the Spanish champions.
"Once we decided that Capello would not continue, [Madrid sporting
director Predrag] Mijatovic underwent talks with Schuster, [Ronald]
Koeman, [Michael] Laudrup and Wenger," Calderon told the club's
official website.
However, it is Getafe coach Schuster who is the number one
candidate to take over in the Spanish capital.
Schuster, who is under contract with Getafe for a further campaign,
has reportedly freed himself from his current contract after Madrid
reiterated they would not pay a transfer fee to sign a coach.
"Schuster has told us that he has solved his situation with
Getafe," said Calderon.
"I am not sure if on Monday he will be at Real Madrid.
"He has always been among the three or four coaches with whom we
have spoken. It appears logical that he will be the next
coach.
"We would have to negotiate his contract but it shouldn't be a
problem."