Real Madrid manager Carlo Ancelotti says there is "no conflict" with club president Florentino Perez despite his side's Champions League exit.
Arsenal knocked Real Madrid out in the quarter-finals on Wednesday, leading to speculation over the 65-year-old's future.
But before Sunday's La Liga match with Europa League semi-finalists Athletic Bilbao, the Italian insisted there was no issue with Perez.
The defending champions are four points behind leaders Barcelona and will also face the Catalans in the Copa del Rey final on 26 April.
"We have the same idea - there is no conflict with the club," said Ancelotti.
"Whoever says that there is a conflict is false. The president shows more affection in these moments than when we win.
"The Champions League is the most important competition for everyone. And the Champions League is the most important history of Madrid. But it's not true that the rest do not count."
The three-time Champions League winner said what hurt most was the criticism that followed the 15-time European champions 5-1 aggregate defeat by Arsenal.
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