Manchester United are in the market for long term successor of David Moyes, and reports coming out from Spain claim that Real Madrid boss Carlo Ancelotti has rejected the chance to join the Old Trafford club next season.

Spanish daily El Confidencial has run a front page story today, claiming that the Italian coach has been the object of desire of several European clubs of first level, but above all has been the primary target of Manchester United. Last week, emissaries of the English club made ​​an offer that would have made him the highest paid coach in the world: over 17 million euros per season. However, the answer of Carlo Ancelotti was clear: “Sorry, I’m happy in Madrid.”

It is reported that the former AC Milan, Chelsea and PSG boss has no other agenda in front of him except his ongoing project with Real Madrid. Ancelotti is convinced about the bright future of this squad and reportedly replied without fear of potential criticism to the delegates of United that: “[Real Madrid] is the best team in the world.”

Ancelotti is currently busy in preparing his team for the final of the UEFA Champions League – the trophy which is craved by Real President Florentino Perez and which they have not won since 2002. El Confidencial reports that Ancelotti aims to complete the tenure of three years with Real Madrid, a duration considered as the full cycle in the life of a football club. Real Madrid, meanwhile, are grooming Zinedine Zidane as the successor to Ancelotti. Zidane has completed his coaching course and has very cordial relations with top management of Real, especially Florentino Perez.

During his time at Stamford Bridge, Ancelotti won the league and FA Cup double in his first season at Chelsea, but was sacked by owner Roman Abramovich after a dismal second year.

And since the sacking of David Moyes last month, speculation mounted that the Manchester United management is interested in the services of current Real Madrid Coach as the Scotsman’s potential successor.

Louis van Gaal, the Holland coach, is widely expected to be named as United manager now, and various reports in England have claimed today that he is going to be appointed this week and could be announced as early as Tuesday, should negotiations go ahead as per the plan. Van Gaal is expected to offer club legend Ryan Giggs a senior position on his coaching staff if the Dutchman is named as the new permanent Manchester United manager.

Meanwhile, interim manager Ryan Giggs will continue to take charge of this United team for Tuesday’s encounter against Hull City. Giggs is expected to select himself in United’s squad for this game in what could be a last chance to play at Old Trafford and say farewell.