Real Madrid's Italian coach Carlo Ancelotti will take over as head coach of Brazil's national team for the 2024 Copa América, a source at the Brazilian Football Federation told AFP on Tuesday.
The federation had announced earlier that Fluminense's Fernando Diniz would take charge of the team in the interim period.
Ancelotti has a season remaining on his contract with Real and will take over Brazil in time for the Copa América which will be held in the United States from June 2024.
The former AC Milan and Chelsea coach will become the first foreigner to coach Brazil in almost 60 years.
The last foreign coach of Brazil was Argentine Filpo Nunez who was in charge for one game in 1965.
Among his many successes, the 64-year-old Ancelotti has won the Champions League twice with both AC Milan and Real Madrid.
He has also won domestic league titles in England with Chelsea, Germany with Bayern Munich and France with Paris Saint-Germain as well as with Real and Milan.
Brazil were coached by Tite at last year's World Cup, but he stood down from the role after their elimination at the quarter-final stage to Croatia.
Ramon Menezes has been in charge of the team since on a caretaker basis.
The CBF had earlier issued a statement saying that Diniz would be in charge of the team for the coming year.
"Fernando Diniz will lead the Brazilian team for a year, and I'm sure he will do it with great competence, as always during his professional career," said CBF president Ednaldo Rodrigues in a video statement.
"It is a dream, an honor and a huge pride to serve the national team," Diniz said.
The 49-year-old will be in charge of the six South American qualifying games for the 2026 World Cup that will be played this year, including the clashes with Argentina and Uruguay.
Brazil will start their qualifying campaign in September at home against Bolivia and then away against Peru.
Three reasons Ancelotti can succeed with Brazil
Real Madrid coach Carlo Ancelotti looks set to take the reins of the Brazil national team from the summer of 2024, aiming to lead the team to World Cup glory for the first time since 2002.
Ancelotti, who has written a book named Quiet Leadership, is known for his calm and warm character, making him an ideal candidate for one of football's highest pressure jobs.
The Italian has demonstrated his ability to succeed in similar environments with some of Europe's biggest sides, including Real Madrid, Chelsea, Bayern Munich and Paris Saint-Germain.
With Brazil's fiercest rivals Argentina reigning world champions, the pressure on Brazil to succeed in the 2026 World Cup will be higher than ever.
Ancelotti is also set to be the first foreign manager to lead Brazil into a World Cup. However if anybody is cut out to thrive in – or despite – heavy scrutiny from fans and national media, it is the unflappable, avuncular Italian.
"Ancelotti would be ideal because everyone, including opponents, respects him," said Brazil great Zico in February. "He knows football and is aware that players are more important than tactics."
Ancelotti is considered a superb man-manager, which will allow him to get the best tune out of a national team rich in talent.
With Neymar turning 34 ahead of the 2026 World Cup, there is a strong chance the forward and talisman of this Brazilian generation will not feature. The Paris Saint-Germain forward even hinted at international retirement after Croatia's triumph over Brazil in Qatar.
Instead Vinicius Junior will likely be Brazil's key figure, a player who has developed brilliantly under Ancelotti at Real Madrid. The Italian has helped the 22-year-old turn from a figure of fun, because of his inconsistent end product, into arguably the Spanish league's biggest star.
Rodrygo Goes is also developing well with Ancelotti at Madrid, along with defender Eder Militao.
"We tell Ancelotti that we are waiting for him," said Rodrygo in March, keen for the coach to take over.
Meanwhile Manchester City goalkeeper Ederson also joked that he wanted to knock Real Madrid out of the Champions League in order for Ancelotti to take over Brazil as soon as possible. City triumphed but Ederson and his team-mates will have to wait until 2024 for Ancelotti to start work, barring a premature departure from Real Madrid.
Ancelotti is the only coach in history to win all five of Europe's biggest leagues and will find a new challenge in international football. The World Cup is the final puzzle piece left for Ancelotti to complete his glittering career.
Ancelotti won the Champions League twice as a player with AC Milan and twice more as a coach there, along with two further wins while in charge of Real Madrid – four triumphs puts him ahead of any other manager.
The 64-year-old seemed to have fallen out of the elite after taking charge at Everton in 2019, but Madrid's surprise move to re-appoint him in 2021 has been fruitful for both coach and club. Now Ancelotti will try to finish his time at the Santiago Bernabeu in style before setting his sights on glory with Brazil, and completing his personal trophy cabinet.