Yeah, i seen Capello mentioned that possibility aswell, would definitely be the appointment of a lifetime for Conte if it happens, tho tbh i doubt it, i rather expect them to go after someone internal/related, it certainly worked out well for them the last time they tried that.
Real have looked pretty much in decline this season. They were nowhere near a league title and had to put all of their effort on the CL. That’s simply not good enough for a big club like Real. With that in mind hiring wouldn’t be that bad a move. They did the same with Capello.