The Brazilian Federation have denied an agreement with Real Madrid coach Carlo Ancelotti.

In the last few hours, there have been various reports suggesting that the Real Madrid coach would leave for Brazil to coach the Canarinha.

However, the Brazilian Football Confederation (CBF) have issued a statement denying the hiring of the Italian manager.

"The Brazilian Football Confederation (CBF) states that the news released this Friday that the coach of Real Madrid, the Italian Carlo Ancelotti, is the new coach of the Brazil national team is unfounded," the CBF said.

"President Ednaldo Rodrigues stands by the statements given on Wednesday, after the draw for the matches in the Copa do Brasil. At the time, the president ruled out speculation, saying that the matter will be dealt with transparently and that the coach chosen will be announced at the right time."