Bayern Munich have confirmed that Pep Guardiola will leave the club at the end of the season.
The Spaniard, who has won the Bundesliga title in his two full seasons with Bayern, has been tipped by BBC Sport to take over at either Manchester City, Manchester United or Chelsea for next campaign.
Former Chelsea and AC Milan manager Carlo Ancelotti will replace Guardiola at the Allianz Arena.
Ancelotti, who has been out of work since leaving Real Madrid in May, will be contracted until 2019.
“We are thankful to Guardiola for all he gave our club and hope to celebrate more success in the current season,” Bayern chief executive Karl-Heinz Rummenigge told German newspaper Bild, via BBC Sport.
“With Ancelotti we have another very successful coach coming to Bayern. We are looking forward to working together,” Rummenigge added in a highly-antipicated statement on Sunday morning.
A tug of war is now likely to occur over Guardiola’s services, although the timing of this announcement suggests that he is already close to agreeing his next destination.
According to The Telegraph, the 44-year-old will replace Manuel Pellegrini at Man City in the summer, a major coup for the Citizens at the expensive of their Premier League rivals.
Guardiola’s potential arrival will do wonders for City’s European pedigree. He won the Champions League once as a player with Barcelona and twice more as a manager.
He also lifted three La Liga titles and two Copa del Rey trophies during his four years in charge at the Camp Nou in which he helped make Barca world football’s biggest force.
Can he do the same at City if the Etihad Stadium is indeed the next stop in his illustrious career?
Rio Ferdinand begs Man United to hire Pep Guardiola while they still can
Pep Guardiola ORDERS Man City to raid Arsenal for Alexis Sanchez
Jose Mourinho Man United: Special One lined up as panic sets in over Louis van Gaal failings