Upon his return to Real Madrid in 2021, Ancelotti's second spell has been characterized by dramatic late-game heroics. The 2021/22 Champions League campaign was especially memorable, with extra-time comebacks against Chelsea in the quarterfinals and Manchester City in the semifinals, reinforcing Madrid’s reputation for thrilling European nights.
Penalty shootouts have also played a role in Madrid’s extra-time triumphs under Ancelotti. They have faced three penalty deciders in recent years, most notably the controversial double-touch incident involving Julian Álvarez in the Champions League round of 16. Despite the pressure, Ancelotti’s team has always emerged victorious in these scenarios, winning penalty shootouts against Valencia (Spanish Super Cup 2022/23), Manchester City (Champions League 2023/24), and Atletico Madrid (Champions League 2024).