Ancelotti out of Liverpool running: I'll be back next season

Former Real Madrid and Chelsea manager Carlo Ancelotti has ruled out a move to Liverpool - but says he intends to return to management next season.

Ancelotti had been touted as a possible replacement for Brendan Rodgers at Anfield, but Goal understands frontrunner Jurgen Klopp will pen a three-year-deal with the club on Thursday.

The 56-year-old, who has been out of work since his sacking from the Bernabeu at the end of the 2014-15 season, claims he is happy to take a season out of the spotlight before taking on a new role.

He told the Associated Press at the Inspiring Leaders Awards on Tuesday night: "I enjoy my time now but of course I want to come back to manage - to work - because it is my passion.

"I want to take my time to rest, but next season I am ready."