Carlo Ancelotti would be open to taking over at Manchester United this summer and has long expressed a desire to take over at Old Trafford, according to sources.
United's hierarchy is ramping up its search for a new permanent manager, with Ajax head coach Erik ten Hag and PSG boss Mauricio Pochettino topping their shortlist.
However, ESPN reported this week that Sir Alex Ferguson had suggested Ancelotti to the United board of directors.
Now, The Transfer Window Podcast is reporting that new chief executive Richard Arnold initiated communication between Ancelotti and United over two weeks ago.
The Red Devils view the Italian manager as a seasoned leader and proven winner who can work with the group as-is and get the best performance from the players.
Ancelotti's bond with Cristiano Ronaldo is obviously a major selling factor since the two have experienced considerable success together at Real Madrid.
There were even speculations over the summer that Ancelotti desired to bring Ronaldo back to the Bernabeu, but the club was unable to fund a deal, and United stepped in.
Ancelotti has not turned down United's interest and has listened to their pitch, believing that he can make a difference in the present situation and with the existing team.
According to sources close to the former Everton manager, he has long wanted to lead United and was approached by Sir Alex Ferguson directly when the Scot was looking for a replacement before retiring.
Ancelotti is not disgruntled at Real, but his future at the club might be jeopardized if Real are eliminated from the Champions League by PSG.
Florentino Perez, Real Madrid's president, was thought to be upset with the manner of Real's performance in their first-leg defeat to the Parisians and might pull the trigger.
If that happens, Ancelotti becomes a much more appealing option for United, since he will be available for no cost.