The CBF has enlisted the help of Brazilian businessman Diego Fernandes to facilitate the negotiations. Fernandes was spotted at the stadium during the Copa del Rey final between Real Madrid and Barcelona last night.
Ancelotti is scheduled to meet with Fernandes and other CBF representatives to discuss the possibility of taking on the role of Selecao coach. The Italian coach is the top choice to succeed Dorival Junior, who was recently let go by the CBF.
Real Madrid's recent loss in the Copa del Rey final has put pressure on the team's performance, and a trophyless season is a possibility. This could lead to Ancelotti's contract being terminated, as he has a year left on his current deal.