The Spanish football coach Pep Guardiola is to leave Bayern Munich at the end of the season and will be replaced by Carlo Ancelotti.
Guardiola has been linked with Manchester City, Manchester United, Chelsea and Arsenal.
The 44-year-old former Barcelona coach has won two league titles and the German Cup since joining Bayern in 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.
The German champions are eight points clear at the top of the Bundesliga and will play Italian club Juventus in the last 16 of the Champions League.
Ancelotti has won the Champions League three times, twice with AC Milan and once at Real Madrid, and guided Chelsea to the Premier League title and FA Cup in 2010.
He recently suggested a preference to return to the English top flight but has instead decided to join Bayern.
If Ancelotti wins the Bundesliga with Bayern next season, he will become the second coach to have won league titles in four of Europe's top six leagues.
Jose Mourinho has won league titles in Portugal, England, Italy and Spain.
Guardiola has not revealed where his next destination will be.
Chelsea sacked Mourinho last week and have appointed Guus Hiddink until the end of the season. United boss Louis van Gaal is also under pressure following his side's recent slump in form, which has seen them exit the Champions League at the group stages and lose to Norwich yesterday.
Guardiola has also been strongly linked with taking over from City boss Manuel Pellegrini in the summer.