The Portuguese coach is best known in the UK for his flopped spells in charge of Chelsea and Spurs, and he was most recently employed by big-spending Chinese Super League side Shanghai SIPG.
However, following Zinedine Zidane's decision to step down from the Los Blancos hot-seat after winning his third consecutive Champions League trophy last month, it appears the options on the managerial merry-go-round are a little slim for Florentino Perez.
And Spanish publication Marca are claiming Villas-Boas is now being targeted for a shock stint at the Bernabeu next season - and just about nobody on social media can believe it.
He might've struggled to make it in the Premier League but could Spanish football be the best place for Villas-Boas to thrive?
Boas decided to try his hand at something new earlier this year, away from football management.
The former Spurs manager dived into the world of Rally Car racing, but was taken to the hospital in a helicopter after suffering an accident during the fourth stage of the Dakar Rally in January.
While driving his Toyota Hilux, the former Chelsea, Tottenham and Porto manager hit a dune during the San Juan de Marcona stage in Peru.
Boas, who was ranked 41st out of 88 drivers after the 3rd stage, made a promising start to his first Dakar Rally but injury meant that the 40-year-old had to withdraw from the event.
Is Los Blancos the right place for Boas to flourish?
Let us know in the comments.