Davide Ancelotti to Rangers latest as further talks scheduled
It's understood Rangers will not appoint the new manager by the end of the week despite vast speculation over Steven Gerrard or Ancelotti taking over.
Instead, as reported by The Rangers Review, further discussions will take place with Ancelotti over the position.
Reports in Spain had suggested Ancelotti was close to committing himself to Rangers, but it's thought that is not accurate.
The coach, son of Carlo Ancelotti, is highly-regarded at Rangers and a candidate to become the new manager but the process is not close to being finalised.
Ancelotti will join his father at Brazil for the matches against Ecuador and Paraguay next month but reports he will stay on as a coach and reject the opportunity to make his own way as a manager are wide of the mark.
It's expected Ancelotti will receive offers this summer from European clubs, but the highly-rated coach is thought to be excited by the project at Ibrox.
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On Instagram, Ancelotti teased a "new phase" as he confirmed his exit from Real Madrid. He posted: "After 4 years... it's time to say goodbye.
"It's not easy to put into words what leaving Real Madrid means. This club is not just history, it's demand, it's greatness, it's a family.
"I have been fortunate and honored to live it from the inside, to grow as a person and as a coach in a unique environment.
"Thank you to the players for teaching me every day, to the staff for sharing so many hours of work and passion, and to all the people at the club who make possible what the world sees every week.
"And thanks, of course, to the fans. Being part of Real Madrid means living with the pressure of always winning... and with the privilege of feeling your support all over the world.
"Start a new phase for me. With excitement, with respect, and with the desire to apply everything I have learned here. Thank you Real Madrid. See you soon. 🤍"
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