Zidane has rejected job already - former Real Madrid President Calderon

Zinedine Zidane - Getty

Zinedine Zidane has rejected the chance to return as manager of Real Madrid, according to former club president Ramon Calderon.

Zidane, 46, left the club last summer five days after winning a third straight Champions League title.

Calderon told BBC Radio 5 Live: "I know that this morning the president [Florentino Perez] called Zidane to ask him back, he said not now.

"He has left open the possibility of coming back in June."

Zidane with the UCL trophy as Real Madrid Manager - Getty

Zidane shocked Real by walking out just days after a famous win against Liverpool which made him the first manager to win three European Cups in a row and only the third to win three in total - along with Bob Paisley and Carlo Ancelotti.

The former France captain has not managed since.