Carlo Ancelotti has been sacked by Bayern Munich in the wake of the Bundesliga champions' 3-0 defeat to Paris St Germain in the Champions League last night.

The departure of the 58-year-old Italian, who has also managed Juventus, AC Milan, Chelsea, PSG and Real Madrid, has been announced by the Bavarian club this afternoon.

He leaves with Bayern third in the Bundesliga table behind Borussia Dortmund and Hoffenheim after four wins from six games and second behind PSG in Champions League Group B after defeat to the French side in Paris.

Ancelotti had been in charge at Bayern since the summer of 2016.

He becomes the earliest dismissal in a season ever in Bayern's history. Jupp Heynckes was previously the earliest departure in the 1991/92 season when he left on October 4.

Liverpool manager Jurgen Klopp is one of the leading candidates to succeed Ancelotti, but former Thomas Tuchel has been installed as one of the early favourites at 6/4.