Carlo Ancelotti will become Bayern Munich's new manager next season, with the Italian agreeing a three-year deal to take charge of the Bundesliga giants following Pep Guardiola's decision to leave the club, according to Marca. The Spanish publication claim that both Chelsea and Manchester United have approached the tactician in recent weeks, but he turned the pair down as he had already given his word to the Germans.

On 15 December Guardiola told German broadcaster ARD that he will announce his future next week, amid speculation linking him with a move to Manchester City. "Tonight I have no answer. Next week you will know the answer. Next week there will be clarity," he said.

Marca later reported that the former Barcelona boss had decided against renewing his stay in Germany due to a "fundamental disconnect between his footballing philosophy and the club's ethos".

The Spanish publication believes that Guardiola informed Bayern of his intentions last week, leading to them scrambling for a replacement.

Marca claims that Ancelotti and Bayern have agreed a three-year deal that will be made official next week, as soon as Guardiola makes his exit public.

In recent weeks, Ancelotti had hinted at the possibility of a return to the Premier League following his spell at Chelsea.

Spanish media claims that both the Blues and Manchester United had spoken to him amid scrutiny over the futures of Jose Mourinho and Louis van Gaal. The former Real Madrid boss, however, refused their offers due to his spoken contract with the German beasts.