He will do it in a press conference around 7pm CEST
After the season with no titles Real Madrid decided to sack their coach, Carlo Ancelotti, Some players like Cristiano Ronaldo showed in public his support to the Italian to keep there but from the Spanish capital it's a fact that the coach wouldn't continue, as showed by the applauses in farewell he received in the previous to Getafe's match press conference.
The final decision, will probably be known this Monday afternoon. Real Madrid's president, Florentino Pérez, called-up a press conference at around 7pm CEST. Before, as Francesc Garriga informs in this Weloba article, there will be a meeting of the board of directors where the final decision will be taken, and according to Marca paper, Florentino and Ancelotti will meet this afternoon, before the press conference.
However, last year he drove Real Madrid to achieve the 'décima' Champions League and during this two hours also won a Copa del Rey, a Europe Supercup and a FIFA Club World Cup, Carlo Ancelotti ended this campaing with no titles, whot would make him be sacked.