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Carlo Ancelotti has a pre-contract agreement in place with Arsenal, according to reports in Italy.
Mikel Arteta is reportedly the leading candidate to replace Arsene Wenger as Arsenal manager, but the Gunners hierarchy are considering several candidates.
Ancelotti is among those linked with the role and is currently out of work after he was sacked by Bayern Munich in September.
One vacancy which Ancelotti had also been linked with was the head coach for Italy’s national team, but that has now been filled by Roberto Mancini.
Napoli are also said to be interested in Ancelotti as the Serie A club are preparing in the event of Maurizio Sarri’s departure this summer.
According to Tuttosport, Napoli’s president Aurelio De Laurentiis has been in contact with Ancelotti and it was during their phone call when the former Chelsea manager revealed that he had a pre-agreement with Arsenal.
The report claims that Ancelotti, who still owns a house in London, is waiting for Arsenal to reject their alternative choices and make a move for him.