CARLO ANCELOTTI is prepared to snub a return to Chelsea.
The 56-year-old has been heavily linked with replacing under-pressure Blues boss Jose Mourinho next summer.
The reigning Premier League champions currently languish 16th in the standings after losing seven of their opening 12 matches.
But Ancelotti, who led the Blues to the Premier League title and FA Cup during 2009 and 2011, has set his sights elsewhere.
That is according to Fichajes, who claim the Italian is keen on managing either Manchester United or Bayern Munich as his next challenge.
Ancelotti recently revealed he hopes to return to the Premier League after his year's sabbatical, but isn't limiting his options to England.
He said on his return: "The most important thing is to start; to find a club with a good project and be competitive. If it's in England, it's better."
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