Carlo Ancelotti has reached an agreement in principle to become the next manager of struggling Premier League club Everton, Sky Sports reported on Monday.
ESPN FC sources confirmed an offer is in place and added that Everton owner Farhad Moshiri is confident the deal will get done.
The Italian, who has won three Champions League titles in a garlanded career, was sacked by Napoli earlier this month after a high-profile falling out with club chairman Aurelio de Laurentiis.
Everton are 16th in the Premier League, three points above the relegation zone, having sacked Portuguese coach Marco Silva after a 5-2 defeat by Liverpool on Dec.