Report: Carlo Ancelotti turns down Everton job after Toffees initiate talks

General view outside the stadium prior to the Premier League match between Everton and Watford at Goodison Park on May 12, 2017 in Liverpool, England.

Everton are understood to have contacted Carlo Ancelotti about the prospect of replacing Ronald Koeman

Everton's Dutch manager Ronald Koeman looks on during the English Premier League football match between Chelsea and Everton at Stamford Bridge in London on August 27, 2017.

With Everton scouring the market for a manager to replace Ronald Koeman, one name simply leaps off the page. The Toffees have been linked with the likes of former Watford boss Walter Mazzarri and even David Moyes has been tipped to return – but Carlo Ancelotti is the man the majority of supporters are dreaming about.

The Independent reported on Monday that The Toffees saw the 58-year-old Italian as an option with Burnley’s Sean Dyche and former Dortmund tactician Thomas Tuchel also on the shortlist.

The report added that Ancelotti, however, would take a lot of convincing, having planned to take a number of months out of the game following his sacking by Bayern Munich last month.

Bayern Munich's Italian head coach Carlo Ancelotti gestures during the UEFA Champions League football match between Paris Saint-Germain and Bayern Munich on September 27, 2017 at the Parc...

And Italian publication Tuttomercatoweb has provided an update on the story on Tuesday morning, going as far as to claim that Everton had contacted the former Chelsea, AC Milan and Real Madrid boss just two days after Koeman was given his marching orders.

Though, as expected, the three-time Champions League winning manager has turned down the prospect of an immediate return to management.

Head coach Carlo Ancelotti of FC Bayern Muenchen attends the Audi Cup 2017 Press Conference at Westin Grand Hotel on July 31, 2017 in Munich, Germany.

This will come as a disappointing to a number of Everton supporters. Ancelotti is, after all, by far the most reputable name available at the moment and has experience of managing, and succeeding, with some of the biggest club sides in the European game.

With Ancelotti out of the running, however, Burnley supporters can be forgiven for feeling a little nervous with speculation surrounding Dyche increasing.

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