Michel is already being linked with
Bernd Schuster's job at Real Madrid.
Sources close to Real president Ramon Calderon have told infoesports.com that if the team takes it's poor preseason form into the first months of the new campaign, then Schuster could be on his way out by December.
The same sources say that the style of football Schuster's team have so far displayed has also disappointed Calderon and fellow directors, which axed Fabio Capello at the end of last season over the way he had his side playing - despite winning the Spanish championship.
If Schuster is to be given the bullet, the man to replace him will be Michel, who is currently in charge of Real Madrid's Castilla setup.