The arrival of Ancelotti at Real will contribute to a general escalation in transfer activity across Europe over the next fortnight, with many of the main deals interlinked and dependent on the key managerial appointments. There will also be a push to get transfers completed before players return from their holidays during the next month. It was also significant yesterday that Laurent Blanc replaced Ancelotti at Paris St-Germain on a one-year deal, with the further option of a second season.