Ancelotti ends Milan reign

Carlo Ancelotti is believed to be on the verge of becoming Chelsea's new manager after the Italian coach confirmed he has left AC Milan following the end of the Serie A season. Ancelotti, 49, revealed after Sunday's 2-0 victory over Fiorentina, which clinched an automatic Champions League qualifying place, that he had mutually agreed to terminate his contract one year early. "Today my beautiful Milan adventure has come to an end," he said. The former Parma and Juventus coach had guided the Rossoneri to one Serie A and two Champions League titles during seven-and-a-half years at the helm. But the Italian tactician had been strongly linked with the Chelsea job since interim manager Guus Hiddink revealed he would not be staying on at Stamford Bridge beyond the end of the season. Ancelotti refused to confirm whether an agreement was already in place to join Chelsea when speaking at a post-match press conference. "I can't say anything else official," he told Sky Italia. "I have not made any agreement with any other club." However, reports claim that he could now be officially confirmed as Chelsea's fourth manager in two seasons as early as the middle of next week.