Although Ancelotti is meeting with the CBF, it's believed he will ultimately reject the proposal. This decision is likely due to his ongoing contract with Real Madrid, which still has a year left to run.

Ancelotti is expected to leave Real Madrid at the end of this season, as the club is facing a rare season without a major trophy. He has already informed CBF president Ednaldo Rodrigues of his decision.

Instead, it's suggested that Ancelotti has received a €50m offer from a Saudi Pro League club, which he is considering taking up this summer.