Madrid are in dire straits right now after suffering two defeats at the Bernabeu over the past week.
They were first beaten 1-0 by newly-promoted club Cadiz in La Liga last Saturday, before losing 3-2 in their opening Champions League fixture against Shakhtar Donetsk on Wednesday.
The pair of setbacks have plunged Zidane’s future into serious doubt, and French publication L’Equipe claim he only has two chances to pull Los Blancos out of trouble.
If he fails to turn their form around in Saturday’s El Clasico showdown with Barcelona and Tuesday’s Champions League trip to Borussia Monchengladbach, the former France midfielder will be facing the sack.
Zidane only guided Madrid to the Spanish title three months ago, however the Bernabeu hierarchy are notoriously impulsive and not afraid of making controversial decisions.
According to Spanish outlet AS, former Tottenham manager Pochettino and ex-Real striker Raul Gonzalez are the leading candidates to replace Zidane if he falls victim to the axe.
Pochettino has been out of work since being sacked by Spurs last year, with Jose Mourinho replacing him in the north London hot-seat.
Nevertheless, reports suggest the 48-year-old is also on Man Utd’s radar amid pressure on current boss Ole Gunnar Solskjaer.
United have suffered two defeats in their first four Premier League outings of the season, including a 6-1 battering at the hands of Mourinho’s Spurs earlier this month.
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Wins over Newcastle and Paris St-Germain over the past week have given Solskjaer some much-needed breathing space at Old Trafford, but Red Devils chiefs will be keeping close tabs on Madrid’s potential pursuit of Pochettino.
As well as the Argentine, it is believed United would also consider appointing former Juventus boss Max Allegri if they part company with Solskjaer.