Ancelotti is a class act, and would be an asset anywhere. How about Manchester City?
There are reports that Roberto Mancini isn't happy with his chief executive Garry Cook and the Mansours' transfer market plans this Summer, and has flown out to Abu Dhabi for 'crisis talks'. That's probably newspaper nonsense, but if Mancini doesn't play his cards correctly, you could easily see Ancelotti at Eastlands.
Failing that, might he be a contender for Aston Villa? Gerard Houllier did OK this season but his continued health problems offer an easy excuse for the board to ease him on his way back to France. Villa have a talented squad and could flourish under Ancelotti.
The outside bet might be QPR. Ancelotti has a home in west London and there is a distinctly Italian flavour to the Loftus Road boardroom, with Flavio Briatore still wielding influence, along with Bernie Ecclestone. Might not be a bad move to place a sneaky wager on that? Would be cruel on Neil Warnock, but I'm sure the compensation would be generous!
He should come back to Serie A, there are no top Premier League sides who need new managment. He would have to settle for a sub-standard side. Dont think Mancini will leave City and Wenger, Ferguson and Redknapp arent going anywhere any time soon.
He should just join A.S. Roma and thats that.