No Ancelotti for Italy as Brazil set to extend contract agreement until 2030

Reports in South America indicate that Carlo Ancelotti will soon extend his contract with the Brazil national team, which will rule out any possibility of him replacing Gennaro Gattuso as head coach of his native Italy.

Ancelotti set to extend Brazil contract until 2030

Ancelotti has been the head coach of Brazil for just shy of a year, having joined the Selecao in May 2025 after the end of his second stint with Real Madrid. He penned an initial contract that would see him through until the end of the upcoming 2026 FIFA World Cup.

According to the latest updates from ESPN in Brazil, however, Ancelotti has a verbal agreement in place to extend his contract by a further four years until the summer of 2030.

ESPN suggests that Ancelotti could put pen to paper on an official contract extension within the next few days. Tuesday’s report claims that the Brazilian federation finalised the details of a new contract earlier this week, and now, the coach’s signature and final legal checks are all that is missing.

FOXBOROUGH, MASSACHUSETTS – MARCH 26: Brazil head coach Carlo Ancelotti waves before the international friendly match between Brazil and France at Gillette Stadium on March 26, 2026 in Foxborough, Massachusetts. (Photo by Maddie Meyer/Getty Images)

The details have been agreed, and the Brazilian FA believe that the final once-over from Ancelotti’s lawyers is more of a formality than anything.

Ancelotti is set to maintain his current salary, which means that he will still be the highest-paid coach in the history of the Brazil national team. He reportedly earns around €10m per season, not including bonuses.

This rules him out of the running to take over as head coach of the Italy national team following the departure of Gennaro Gattuso over the weekend. The latest reports indicate that Napoli’s Antonio Conte and Milan’s Massimiliano Allegri are the current frontrunners.