The Brazilian Football Confederation has denied an ESPN Brazil report that Real Madrid coach Carlo Ancelotti has given the OK to becoming the new coach of the Brazil men's national team.

Brazil have been looking for a successor for Tite, who left the job after being beaten by Croatia in the quarterfinals of the Qatar World Cup in December.

- Stream on ESPN+: LaLiga, Bundesliga, more (U.S.)

The experienced Ancelotti -- who has been in charge of Real Madrid since 2021 -- has coached clubs such as Juventus, AC Milan, Chelsea, Paris Saint-Germain and Bayern Munich in a 28-year managerial career.

Sources told ESPN Brazil reporter Bruno Vicari that the Italian has given the green light to taking over Brazil, in what would be his first international appointment, this summer.

No formal agreement has been reached, sources said, but Ancelotti had responded positively to the CBF's interest.

"The Brazilian Football Confederation (CBF) states that the news released this Friday that the coach of Real Madrid, the Italian Carlo Ancelotti, is the new coach of the Brazil national team is unfounded," the CBF said in a statement.

"President Ednaldo Rodrigues stands by the statements given on Wednesday, after the draw for the matches in the Copa do Brasil. At the time, the president ruled out speculation, saying that the matter will be dealt with transparently and that the coach chosen will be announced at the right time."

Ancelotti coached Madrid to a Champions League and LaLiga double last season, with the team currently second in the league -- eight points behind leaders Barcelona -- and set to play Al Hilal in the Club World Cup final on Saturday.

Multiple sources have told ESPN that Ancelotti is the main candidate to replace Tite.

However sources close to the coach have insisted that he is happy at Madrid, where his contract is due to run until 2024.

Sources at Real Madrid told ESPN that the club are not aware of any plans for the manager to leave this summer.

"No, I'm not aware of these things," Ancelotti said on Friday, when asked about being linked to the Brazil job. "The situation is quite clear. I have a contract until 2024."