Everton boss Carlo Ancelotti has rubbished reports they're chasing a deal for Real Madrid midfielder Isco.

Ancelotti worked with Isco at Real Madrid from 2013-2015, with the skilful attacking midfielder playing 53 times in both seasons, underlining how valued he was to the manager.

But Ancelotti firmly denied speculation he was looking for a reunion at Everton, despite Isco falling out of favour in the Spanish capital under Zinedine Zidane.

He told DIRECTV Sports Co: "It is not true that I am behind Isco.

"We haven't started thinking about the team for the January market. So those comments are, as they say here, bulls***."