Carlo Ancelotti is reportedly set to leave Ligue 1 champions-elect Paris Saint-Germain at the end of the season, and the Italian has been touted as potential replacement for Arsene Wenger, who is favourite with the French press to move to the Parc des Princes.

According to Le Parisien, Ancelotti told PSG president Nasser Al-Khelaifi on Wednesday that he intends to quit the club in the summer, although the former Chelsea boss has since denied he has made a decision on his future.

Real Madrid is the expected destination for Ancelotti should he leave Paris, with Jose Mourinho seemingly closing in on a move from the Santiago Bernabeu to Chelsea, although Arsenal has been mentioned a his next possible stop.

ESPN reports that current Arsenal manager Wenger has been made as the frontrunner to replace Ancelotti at PSG and, it is claimed in the French media, that the Emirates Stadium chief is set to meet with club representatives in May.

Wenger is out of contract at the end of next season, but has been expected to extend his stay with Arsenal by signing an extension when his current deal with the club expires.

In terms of Wenger's potential successor, Ancelotti has been mentioned by Le Parisen as a target for the Gunners, although the 53-year-old is highly unlikely to join the club given the interest of Real Madrid.

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