Soccer news portal Goal.com, where Carlo Ancelotti currently works, announces that the former Real Madrid strategist is likely to become Pep Guardiola's successor at Bayern Munich.
The Italian, who was dismissed from the "royal" club after last season, was planning to return to coaching duties earliest after New Year.
Meanwhile, it has already been announced that Guardiola has made a decision about his future. It is believed that after today's match against Hannover, the Spaniard will announce that he will not extend his contract with Bayern.
If negotiations go as planned, it will be officially announced after Guardiola's announcement that Ancelotti will coach Bayern from the 2016-17 season.
As for Guardiola, he will most likely move to Manchester City, taking over from Manuel Pellegrini.
Ancelotti will sign a three-year contract with the Bundesliga champions.