The current Blancos boss finds himself under ever-increasing pressure after seeing a winless run stretched to five games with defeat at home to Levante on Saturday.
If the axe does fall at the Santiago Bernabeu, which is considered to be imminent, then former Juventus and Chelsea boss Conte is ready to step in.
Real Madrid could announce the sacking of head coach Julen Lopetegui on Saturday evening or Sunday, according to beIN Sports.
Los Blancos' lost 2-1 at home to Levante, their fifth game without a win, and broke the club's record for minutes without a goal.
Prior to next weekend's Clasico, change could very well be coming.
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