And it is understood that the Gunners are keen to speak to the Italian as they step up their efforts to find a permanent replacement for Unai Emery, with the process of whittling down their shortlist of candidates well under way.
Is Ancelotti the man for Arsenal?
The Gunners could definitely do a whole lot worse than Ancelotti.
The Italian is one of the most experienced and highly respected managers in the game at the moment, and even though he has parted company with Napoli, it will do little to tarnish a reputation that has been shaped by many years of success.
Beyond that, Ancelotti has done the lot.
Three Champions League trophies, two World’s Best Club Coach gongs, he has quite the pedigree and, crucially, has experience of the English, winning a league title and an FA Cup with Chelsea.
His resume speaks for itself, and if the Gunners could land him it would be a massive coup.