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Updated terms of Ancelotti’s Everton deal revealed

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Looks like the manager’s first game in charge will be on Boxing Day

Chelsea’s Italian manager Carlo Ancelott Photo credit should read IAN KINGTON/AFP via Getty Images

It’s looking like Everton are getting closer and closer to sealing the signature of Carlo Ancelotti to take over as permanent manager.

Sky Sports News, citing their Italian counterparts, are now saying that following the conversations held between the two camps yesterday in London, Ancelotti is flying back to Naples to resolve some clauses in his contract with Napoli who sacked him last week.

The outlet goes on to report that while both sides have reached an accord, there have been no signatures yet and this could be dependent on the resolution of matters with his former side.

Further, the Blues have offered Ancelotti four and a half year deal with assurances that he will have money to spend on new players, starting with the January transfer window.

On Wednesday afternoon, Corriere Dello Sport were reporting that Ancelotti is signing a four and a half year deal until 2024 worth €6m per year, though that figure includes his staff's wages, with the entirety of the contract worth €27m.

We had previously reported that he had his coaching staff from his time at Napoli lined up to support him, but with one addition - the Toffees current caretaker manager Duncan Ferguson will also be joining the group as an assistant manager, alongside Ancelotti’s son Davide, with Francesco Mauri and Manuel Morabito (athletic trainers), Simone Montanaro (match analyst), Luca Guerra (goalkeeping coach) and Beniamino Fulco (supervisor).

Additionally, the 60-year-old will only be taking charge on Boxing Day when Everton host Burnley. This would mean that Big Dunc stays in charge for the Carabao Cup fixture tomorrow against Leicester City, as well as against Arsenal on Saturday. The Gunners are also looking for a permanent manager and will be attempting to install Mikel Arteta before that game as well.

While there have been rumours that Ancelotti has only agreed to come to Merseyside on condition that he will be one of the top three paid managers in the world putting him in the £12-15 million per year range, there has been no confirmation of that as yet.