Carlo Ancelotti could take a sabbatical, take over Bayern Munich or even return to Milan after Real Madrid.
The Coach won the ‘Decima’ Champions League last season, but is widely expected to get the axe over the next few days.
He crashed out of the Champions League semi-final to Juventus and lost the Liga title to Barcelona with one round to spare.
According to Sky Sport Italia, his dismissal will be announced on Sunday and the only doubt now is around his future.
The most likely option is to take a year out, starting with a summer vacation in Vancouver.
However, there are also rumours Ancelotti will return to his old club Milan with a big transfer strategy thanks to new investment from China.
Ancelotti said earlier this year that Milan is the only side he would return to in Italy, having won everything there as both player and Coach.
Sky Sport Italia also suggest Bayern Munich if Pep Guardiola walks away following a series of locker room clashes, which culminated in a radical revamp of the medical staff.
Manchester City would seem the most likely option, but it’s suggested the English side has already promised the bench to Guardiola in 2016.