Pep Guardiola to leave Bayern Munich at the end of the season, Carlo Ancelotti to replace him

Pep Guardiola will leave his position as Bayern Munich coach at the end of the season, the club have announced on their official Twitter account.

Former Chelsea boss Carlo Ancelotti will succeed the Spaniard at the German champions on a three-year contract.

Offiziell: #Guardiola verlässt FCB zum Saisonende. Neuer Trainer wird Carlo #Ancelotti (56/Vertrag bis 2019) ^M.Hörwick | Mehr auf FCB.de

— FC Bayern München (@FCBayern) December 20, 2015

The tweet posted translates as "Official: Guardiola FCB leaves at the end of the season. New coach is Carlo Ancelotti (56 [years old] /contract until 2019)

The Premier League's big guns could now be lining up to recruit Guardiola after his exit was confirmed.

Guardiola has been touted as a possible replacement for Jose Mourinho at Chelsea, while he has also been linked with Arsenal, Manchester City and Manchester United.

Ancelotti arrives after taking a one-year sabbatical, following his departure from Real Madrid in the summer, signing a three-year contract.

"We're grateful to Guardiola for everything he has given to our club since 2013," Bayern's chairman Karl-Heinz Rummenigge said in a statement published on the Bundesliga club's website.

"I am convinced that Pep and our team are now going to work even more intensively on realising our sporting ambitions, particularly now that it has been confirmed that Pep will be leaving Bayern.

Ancelotti has been confirmed as new Bayern manager  Photo: AFP

"Carlo Ancelotti has had success as a coach everywhere and he has won the Champions League three times.

"Carlo is a calm, level-headed expert who knows how to work with stars and plays a brand of football rich in variety.

"That is what we were looking for, and that is what we have found. We are looking forward to working with him."

Guardiola, 44, took over from Jupp Heynckes in the summer of 2013 on a three-year contract and won a Bundesliga and DFB-Pokal double at the end of his first season in charge.

His side also lifted the European Super Cup and the Club World Cup that term, but they were knocked out of the Champions League in the semi-finals by Real Madrid.

Guardiola is considering a move to the Premier League

That is where their European journey ended last season as well with Barcelona getting the better of them, while they were knocked out of the domestic cup by Borussia Dortmund one step from the final.

They did win the Bundesliga again comfortably, though, and they are on course to make it a hat-trick of domestic league triumphs under Guardiola this season, leading second-placed Dortmund by eight points at the midway stage of the season.

The Bavarians are also into the quarter-finals of the DFB-Pokal and the last 16 of the Champions League, where they will face last season's beaten finalists Juventus.

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