Typically, the club makes its mind up about extending the contracts of its older players by the end of April or early May. But this year, things might be a bit different.

Coach Carlo Ancelotti's future is hanging by a thread after the humbling defeat to Arsenal. If he's out the door by the end of April, that could push back the decision on Modric and Vazquez's contracts.

With Ancelotti's fate uncertain, Madrid might have to wait until the coaching question is resolved before they can start planning for the next season.