Italy have sacked head coach Gian Piero Ventura after failing to qualify for the 2018 World Cup.
Italy lost 1-0 on aggregate to Sweden in their World Cup play-off to miss out on the tournament for the first time since 1958.
Italy failed to score a goal in both legs of the play-off and Ventura came in for criticism for not using substitute Lorenzo Insigne in the second leg in Milan.
Concerns were raised before their elimination from the World Cup after an uninspiring end to qualifying which saw them draw at home to Macedonia and need a late goal from Antonio Candreva to beat Albania.
Sky Sports News understands Carlo Ancelotti has been approached by the Italian Football Federation about replacing Ventura.
Ancelotti, 58, has an impressive CV in club management but has been out of work since being sacked by Bayern Munich in September.
He has won the Champions League three times, with AC Milan and Real Madrid, along with league titles at Chelsea, Paris Saint-Germain and Bayern.
The Italian press reacted strongly to Italy's failure to qualify for the World Cup for the first time in 60 years
Ancelotti represented his country as a player, making 26 appearances.
Italy next play in March, with friendlies against England and Argentina.