2) Chelsea
An option that seems very unlikely to come to fruition as Jose Mourinho does not appear to be leaving Stamford Bridge any time soon, but there were reports via Sky Sports last week that Madrid president Florentino Perez had offered the Blues boss a chance to return to the Bernabeu.
If Mourinho was somehow convinced to head back to Spain then the Premier League champions would need a suitable replacement.
After being sacked a year after winning the Premier League and FA Cup double, Ancelotti certainly has unfinished business in West London.