Carlo Ancelotti was surprisingly tipped to quit Bayern Munich for the Chinese Super League in January by Mario Basler.
Basler told German talk show Sport1: "Some days ago I heard that Carlo Ancelotti has already signed a contract for a club abroad starting in the winter.
Reports state that a CSL club has sounded out the possibility of Ancelotti making a move to Asia, but that all parties are "a significant distance from reaching an agreement".
Guangzhou Evergrande are considered to be a possible landing spot for the 58-year-old, with Luiz Felipe Scolari currently under pressure after suffering a 4-0 mauling at the hands of Shanghai SIPG in the first leg of their AFC Champions League clash.
The former Juventus, AC Milan, Real Madrid and Paris Saint-Germain boss has lifted league titles in Italy, England, France, Spain and Germany, while tasting Champions League glory on three occasions - to go with the two European Cups he won as a player.
UCJ, UNILORIN.
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