There is no immediate confirmation of a move for Alessio Romanagnoli, but reports suggest that he could be heading to Bologna.
According to Corriere dello Sport, Bolognese are expected to offer Milan the Italian coach after his team’s 4-0 loss to Juventus in the Champions League on Sunday.
According the outlet, Brescia president Gino Mosca will make the decision on the coach’s future.
The Bolognas last season ended with them finishing seventh in Serie A, four points behind leaders Juventus.
The news comes a day after Roma confirmed they have appointed former Italy coach Antonio Conte as their new manager.
Ancelotti has a year left on his contract at Inter Milan, but the Rossoneri are understood to have made the decision to sack him following the 2-0 defeat to Sassuolo in the final.