Pep Guardiola is to leave Bayern Munich at the end of the season and will be replaced by Carlo Ancelotti.
Guardiola, 44, has been linked with Manchester City, Manchester United, Chelsea and Arsenal.
The former Barcelona coach has won two league titles and the German Cup since joining Bayern in summer 2013.
Ex-Chelsea boss Ancelotti, 56, has been on a break since being sacked by Real Madrid in May 2015 and has signed a three-year deal with Bayern.
