Carlo Ancelotti has reportedly rejected the opportunity to manage the Brazilian national team.
The Italian manager is set to leave Real Madrid at the end of the season, and has been heavily linked with taking charge of the five-time World Cup winners.
According to Marca, Ancelotti travelled to London on Monday and was expected to sign his Brazil contract in the English capital.
He did not put pen to paper, but was still considered likely to formalise his move into international football when he returned to Spain on Tuesday.
However, he has now opted to turn down Brazil's proposal, and contacted the president of the Brazilian federation, Ednaldo Rodrigues, to inform him of his decision.
Marca's report claims Ancelotti's U-turn came after uncertainty emerged over when he could potentially start his role with Brazil.
Brazil believed he would be allowed to leave Real in June, but Ancelotti is understood to have told the federation that he would not take up his position until August.
Barring another major change of heart, Ancelotti will now not become Brazil's next manager, and could still lead Real in this summer's Club World Cup.
Ancelotti is still set to leave the Spanish giants ahead of next season, and is believed to be considering a huge offer to manage in Saudi Arabia.
The Saudi contract would reportedly see Ancelotti earn €50m net (£42m), which could be difficult for him to turn down.
Meanwhile, Brazil must now look for alternative options after failing to convince Ancelotti to become their new manager.
Brazil have been looking for their next head coach after sacking Dorival Junior following their humiliating 4-1 defeat at the hands of Argentina last month.
The national team are back in action at the start of June when they face Ecuador and Paraguay in World Cup qualifiers.
They are likely to want a new coach in place for these games, with the side still having work to do to book their place at next year's World Cup.
Brazil are currently fourth in the South American World Cup standings, with the top six teams progressing to the tournament in the USA, Mexico and Canada, while seventh place will earn a play-off spot.
troykhan
0
the problem at Real is the French president Mpappe and the Englush King Bellingham and not Ancelloti. l hope the next manager can manage the president and the king.
the spoiled boy has trashed nonsense again
jiebkmrsyz
0
galacticos ❌️ Dramaticos ✔️
returnofthesaith
1
More money is on the old man's mind.
yapacilruz
3
Ancelotti is tired mpo
Yoeadklor
0
Tite wasn’t good also
Tite was the best alternative compared to the following clowns like Diniz, Menenez, and Dorival..He lost only 5 or 6 after 60 matches in his 5 year tenure and a Copa America..
wutbceikmr
2
the problem at Real is the French president Mpappe and the Englush King Bellingham and not Ancelloti. l hope the next manager can manage the president and the king.
Yaodiklmnt
4
Carlos Ancelotti should go for money. because he have won every thing
zeulmpsu
0
we don't care as long as he is leaving Madrid
iceprinceamarni1989
1
yeah,he must go for oil money
Jamaicanballa10
4
He's tired of Vini behavior
tobabknrtz
4
Money is everything
jatekopz
1
Tite wasn’t good also
Tite made Brazil rise on fifa rankings from 15th to 1st if l can remember very well & Brazil never conceded many goals under him. The statistics are there for all to see.
Tiacdekos
3
Ancelotti tactics at Brazil be like
destiny104
3
Winning is sure High stakers only Serious once only 080 259 284 04🔥
bwalyaalfred024
2
good idea man Saudi Arabia no stress as Brazil wants to win with overrated clowns
AFersoKI1753
0
Carlo not a good coach for Brasil, better to bring back Tite.
Tite wasn’t good also
jatekopz
2
Carlo not a good coach for Brasil, better to bring back Tite.
Doybdiknsu
1
Brazil go for local coaches I think you can find one in Brazil. Brazil produce so many local coaches in the past..
TheMentor
5
In south America, Argentina versus Brazil is just like Barcelona Versus Real Madrid, where Argentina is Barca and Brazil is Madrid
Kedanruz
3
if he can't get rodrygo and vini to to clinical in front of goal for RM how is he going to get them to improve enough to help Brazil,?