Former Chelsea and Bayer Munich coach, Carlo Ancelotti, have agreed to replace Arsenal boss, Arsene Wenger, this summer, according to reports out of Italy.
Wenger, who still have one year left on his Arsenal contract, could reconsider his position if the London-based club finishes without any trophy this season.
Though, several managers have been linked to replace the 68-old-year, including Thomas Tuchel, Eddie Howe and Sean Dyche, but Corriere dello Sport reports that Arsenal now have an agreement in place for Ancelotti to become their next manager this summer.
The former Chelsea boss will sign a four-year contract with the Gunners worth £8.7 million a season, excluding bonuses.
The report also claims that the Italian Football Federation are still trying to convince Ancelotti to reject Arsenal and become the national team’s new head coach.
Ancelotti is reportedly keen to manage in the Premier League once again and is set to move back to London next month.
The Italian won the Premier League title and the FA Cup in his first season at Chelsea but was sacked by Roman Abramovich after finishing the subsequent campaign without a trophy.
The 58-year-old is currently out of work after he was sacked by Bayern Munich at the end of September.