Klopp agreed a five-year deal with Red Bull in January, but reports suggest he might be leaving for two managerial positions: the Brazilian national team and Real Madrid. Carlo Ancelotti is currently on the Brazilian FA's shortlist to replace Dorival Junior.
This could mean Klopp may step into the Madrid role, especially after the club's recent Champions League exit at the hands of Arsenal. Klopp has been out of management since leaving Liverpool at the end of last season, but his track record speaks for itself. If he's tired of his role at Red Bull and Ancelotti leaves, Klopp could be the favourite to take over ahead of the new season.
Klopp recently spoke about his role on Instagram, admitting that the freedom it offers appealed to him after leaving Liverpool. "A few months ago I said I don't see myself on the sidelines anymore, and that is still the case. But I still love football, I still love working, and Red Bull gives me the perfect platform for that."