Report: Carlo Ancelotti to snub AC Milan offer

Real Madrid manager Carlo Ancelotti will reportedly snub an offer from AC Milan to take charge of the club.

The Italian is widely expected to leave Real after finishing second in La Liga and losing to Juventus in the Champions League semi-final.

Ancelotti has been offered a lucrative five-year contract by AC Milan, reports The Mirror, with new owner Mr Bee also promising £100m in transfer funds.

Despite the speculation, players including Cristiano Ronaldo showed their support for Ancelotti after the club finished their campaign with a 7-3 victory over Getafe.

Reports suggest that Ancelotti is likely to take a sabbatical if his services are no longer required in Madrid.