Ancelotti ready to take over as Chelsea's new coach

London, Apr 9 (ANI): AC Milan coach Carlo Ancelotti has told Chelsea that he is ready to take over from stopgap boss Guus Hiddink.

Ancelotti has promised Chelsea owner Roman Abramovich that he is willing to join the club this summer, The Sun reported.

Ancelotti was the Blues owner's first choice to replace Phil Scolari, but was unwilling to leave Milan mid-season.

However, sources at the Italian club have indicated that an agreement has been reached with Chelsea, which will see Ancelotti named as the new coach.

A contract worth around 5.8million pounds a season over three years has been discussed and should be signed in June.

Real Madrid has courted the 52-year-old, but Abramovich's personal intervention is understood to have helped swing the deal in Chelsea's favour.

The only remaining obstacle is whether Milan will demand compensation for their manager, who has one year of his contract left to run.

Ancelotti insists he has a gentleman's agreement with Milan owner Silvio Berlusconi that he can leave with their blessing in the summer. (ANI)