South American media reports indicate that Italian coach Carlo Ancelotti will soon extend his contract with the Brazil national team, which means he rules out the possibility of being succeeded by his fellow countryman Gennaro Gattuso as coach of the Italian national team. Ancelotti has been at the helm of the Brazil team for nearly a year, having taken over in May 2025 after the end of his season with Real Madrid. His initial contract was set to run until the end of the 2026 World Cup. According to the latest reports from the Brazilian ESPN network, Ancelotti, despite his existing contract, has verbally agreed to extend it for 4 years, meaning he will stay until the summer of 2030. The ESPN news network suggests that Ancelotti may formally finalize his contract extension in the coming days, while a media report had earlier confirmed that the Brazilian Football Confederation had finalized the details of the new contract earlier this week, with only the coach's signature and final legal aspects remaining. The details have been agreed upon, and the Brazilian federation believes the final review by Ancelotti's lawyers is merely a formality. Ancelotti is expected to receive the same salary, meaning he will remain the highest-paid coach in the history of the Brazilian national team. Reports indicate that he earns around 10 million euros per season, excluding bonuses. This means that Ancelotti is out of the running to coach the Italian national team following Gennaro Gattuso's departure last Sunday, while recent reports have confirmed that Napoli's coach Antonio Conte and Milan's coach Massimiliano Allegri are the top candidates for the position.
