"Carlo's experience at Milan has come to an end," said agent and transfer expert Pasqualin.
"After the story about Berlusconi's comments I expected an official denial from the club, but that did not happen.
"This sounds very much like a farewell note, so I think Ancelotti's imminent departure and official move to Chelsea is only a matter of time."
Pasqualin ruled out Cagliari coach Massimiliano Allegri as Ancelotti's replacement.
"Allegri won't be chosen, as he lacks that fundamental Milanista pedigree. At this point the most likely decision is Leonardo working with Filippo Galli or tacticians of the calibre of Rijkaard or [Marco] Van Basten.
"It has to be someone with the Rossoneri stamp of approval."