Carlo Ancelotti has reached an agreement in principle to become Everton’s next manager, Sky Sports reports.
Negotiations between Everton and Ancelotti progressed well following the Italian’s arrival on Merseyside earlier on Monday.
It is understood confirmation of Ancelotti succeeding Marco Silva could be announced before Wednesday’s Carabao Cup quarter-final against Leicester.
Ancelotti is one of only three managers to have won the UEFA Champions League three times (twice with Milan and once with Real Madrid), and one of only two to have managed teams in four finals. He has won the FIFA Club World Cup twice, managing Milan and Real Madrid.
Ancelotti is also one of seven people to have won the European Cup or Champions League as both a player and a manager. He is regarded as one of the best and most successful managers of all time.