This now means that the next Madrid derby will have two Argentine coaches at the helm.
The reigning European champions have announced that Santiago SOLARI will stay on as coach after having initially announced him as being the interim manager.
His first four games ended with four wins and a 15-2 goals tally and the players were left in no doubt that they wanted the 42-year-old Argentinian to take charge on a permanent basis.
Former Spain national manager Lopetegui lasted just 14 games as Madrid coach, after being appointed as Zinedine Zidane's successor last summer.More news: Pilots say Boeing didn't disclose jet's new control feature
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Now the former boss of Real's B-team Real Madrid Castilla has been given the reins of the main side on a permanent basis with the side sitting in sixth place in La Liga, four points behind rivals Barcelona at the top of the table.
This was after the club's poor run of form culminated in a painful 5-1 El Clasico defeat by FC Barcelona. "Real Madrid have worked out his contract and there are no problems", the Spanish football federation stated. It's a great opportunity.
"Everything goes very quickly, the important thing is the day to day".
After the global break, Madrid´s generous run of games continues with league matches against Eibar, Valencia, Huesca, Rayo Vallecano and Villarreal before Christmas, none of whom now reside in La Liga´s top half.