Former Chelsea boss Carlo Ancelotti is closing in on the PSG job.

The Guardian says Ancelotti is set to take over at the big-spending French club Paris St-Germain after agreeing a two-and-a-half-year contract worth €6m (£5m) a year.

PSG are to part ways with their current manager, Antoine Kombouaré, despite leading the French league going into the winter break, and have turned to Ancelotti as his replacement.