According to 'Le Parisien', it will be made official when the league is won

Italian manager Carlo Ancelotti has informed the PSG directors that he intends to leave the club at the end of the season, 'Le Parisien' reports.

"According to members of the board, the Italian coach has decided to leave PSG at the end of the season. He agreed his departure with President Nasser al-Khelaifi in a meeting which took place on Wednesday," states the French newspaper.

According to 'Le Parisien', "News of his exit will not be made official until PSG has clinched the French league title. Ancelotti is close to an agreement with Real Madrid, who he has been in touch with since the autumn, although he also has offers from Manchester City and Arsenal."

Ancelotti arrived at PSG in December 2011. He may be replaced by Arsene Wenger. The PSG owners may hold a meeting with the Arsenal manager in two weeks' time.