Levy could pounce if Real Madrid part with Ancelotti at the end of the season.
Tottenham Hotspur chairman Daniel Levy is keen to see whether Real Madrid retain the services of former Chelsea manager Carlo Ancelotti this summer, according to The Mirror.
Levy is currently on the lookout for a replacement for Tim Sherwood, who was sacked as Spurs head coach earlier this week.
Ajax boss Frank de Boer was the early frontrunner for the White Hart Lane hot-seat.
De Boer claimed last month that Spurs had enquired about his availability, adding that he would be willing to speak to the North London club at the end of the season.
However, Spurs, who had not yet dismissed Sherwood, categorically denied making any contact with either Ajax or De Boer.
The Mirror suggest that Levy is annoyed with De Boer for exposing Tottenham’s alleged approach and that the Spurs chief has since switched his attention to other targets as a result.
Southampton’s Mauricio Pochettino is now the bookmakers’ odds-on favourite to become the next permanent manager at White Hart Lane.
However, The Mirror claim that Levy is impressed by Ancelotti and is prepared to wait until after next Saturday’s Champions League final to see whether he becomes available.
Ancelotti has a year left to run on his contract, but it has been rumoured that he could be sacked if his side lose to city rivals Atletico Madrid in Europe’s showpiece event.
Real won the Copa del Rey in April, but they are currently third in the La Liga table and no longer able to win their 33rd Spanish title this season.