Real Madrid president Florentino Perez has called a news conference amid reports that coach Rafa Benitez has been fired and replaced by former player Zinedine Zidane.

Monday's news conference at the Santiago Bernabeu stadium comes a day after a 2-2 draw at Valencia kept Madrid from moving closer to Barcelona and leader Atletico Madrid in the Spanish league.

Benitez, hired seven months ago, has been under pressure since a demoralizing 4-0 home loss to Barcelona in November.

The team won seven of nine matches since the defeat at the Bernabeu, but fans continued to call for Benitez's departure.

Zidane, who was Carlo Ancelotti's assistant in 2014 when Madrid won the Champions League, has been coaching Madrid's "B" team in the third division.