Real Madrid manager Carlo Ancelotti accepted the club may look to replace him as coach after Arsenal knocked out the Champions League holders in the quarter-finals on Wednesday.
Ancelotti oversaw a 2-1 home defeat with Arsenal progressing 5-1 on aggregate to the semi-finals.
Real Madrid suffered their 12th defeat of the season, by contrast to just two across the whole of the previous campaign.
The Italian told reporters: “It could be that the club decide to change (coach), it could be this year – or the next when my contract expires, there’s no problem.
“The day that I leave here I can only thank the club.
Arsenal oust Real Madrid to reach Champions League semi-finals as Inter edge Bayern
“It could be tomorrow, in 10 days, in a month or a year, but all I can do will be to thank the club – if my contract’s up or not, I don’t care.”
Madrid have been linked with Bayer Leverkusen coach Xabi Alonso, who played for Los Blancos, and former Liverpool boss Jurgen Klopp.
Ancelotti said his team were still in the fight for LaLiga, the Copa del Rey, and the Club World Cup this summer.
Ancelotti added: “The team gave everything in terms of attitude, but we weren’t able to do it.
“To be honest, Arsenal defended very well. We found it hard to find space, in terms of intensity we were better but it was not enough.”
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