AC Milan have admitted head coach Carlo Ancelotti could be lured to Chelsea in the summer.
The Blues are seeking a new boss following the surprise sacking of Luiz Felipe Scolari on Monday.
Russia manager Guus Hiddink has been identified as a short-term solution, and the Dutchman is poised for talks with the West London outfit over a deal until the end of the season.
It is reported Chelsea will then turn their attention to securing a permanent boss for the 2009/10 term, with Milan's Ancelotti strongly mooted as a target.
Ancelotti, 49, the longest-serving manager in Serie A, turned down a move last season but Milan's organising director Umberto Gandini admitted he may now reconsider - but not until the end of the current campaign.
Speaking in Geneva at the European Clubs' Association general assembly, Gandini said: "I cannot talk on behalf of Carlo but I don't think he would be interested in doing anything now.
"But if the position will be open in July then I think he might consider it.
"He did already have a chance to consider it when he was approached last summer."
He added: "I'm totally unaware of any approach or any desire by Chelsea and Mr Abramovich. If that is the case I am pretty sure it will be a very straight and open discussion between the two clubs.
"But it's absolutely impossible that AC Milan would make any adjustment to the squad or technical staff now.
"In the summer, at the end of the season I think all teams have to evaluate the situation, players and coaches as well. It is a brand new system and a brand new world so I cannot speculate on anything."
Ancelotti is understood to have an agreement with AC Milan whereby he can move on from the club when he desires, regardless of his contract.
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