The 60-year-old was sacked by the Italian side earlier this week, but the club will continue to pay his wages until next summer, or until he finds a new job.
As such, any potential suitors would not be required to stump up any kind of extra fee to secure his services.
What does this mean for Arsenal?
On a fundamental level, this should make Ancelotti a vastly more attractive prospect for the Gunners.
To then know that kind of quality is available at what is essentially a knockdown price should be more enough to convince the Gunners to make their move.
Whether or not it happens remains to be seen, but there really are no excuses not to go all out for the Italian.