Bayern were surprisingly defeated by Hoffenheim to highlight the German champions' woes, and it looks like the Italian manager could be axed as a consequence.
As revealed by former Bayern player Mario Basler, Ancelotti has already found his new destination and will leave Munich as soon as the Chinese Super League kicks off in January.
'I have been told that Ancelotti has signed with a Chinese club', Basler said, speaking to sport1. 'From what I understand, he could leave as soon as January because that is when the season in China starts'.
Carlo Ancelotti has been under fire due to Bayern's poor form at the start of the season, giving up the top spot in the Bundesliga after their latest defeat.
'I cannot confirm it 100 per cent but my source is very trustworthy', Basler concluded.