Carlo Ancelotti's hopes of a swift return to management have been boosted by news his suitors will not be required to splash out any compensation to Napoli.

Everton and Arsenal both have the 60-year-old in their sights as they look to appoint new head coaches. Ancelotti is available after his sacking as Napoli boss on Tuesday night.

And Sportsmail understands clubs interested in the three-time Champions League will not have to pay Napoli for his services.

It has been revealed that Carlo Ancelotti's new club won't have to pay compensation to Napoli

Napoli are still paying Ancelotti despite his sacking but the coach's future club can employ the Italian without having to fork out any compensation to the Serie A club.

The Italian club will cease paying Ancelotti in the summer, or once he takes a new job; whichever occurs first.

The fact clubs will not be forced to pay for Ancelotti makes the coach a significantly more attractive proposition.

Sportsmail can reveal Ancelotti's next move will be handled by London-based agency Base Soccer.

The ex-AC Milan player and boss has appointed the respected agency to facilitate his pending return to football.

Base are the football arm of global talent firm Creative Artists Agency (CAA), who boast some of the most high-profile sportsmen on the planet.

CAA look after the commercial interests of players such as Cristiano Ronaldo, Harry Kane, James Rodriguez and Dele Alli.

CAA recently took over well-established football agency Base - and it is understood the company's long-serving intermediary Frank Trimboli will represent Ancelotti.

Ancelotti is in demand in the Premier League after being sacked as boss of Napoli on Tuesday

Meanwhile, Ancelotti's former player Ashley Cole believes his ex-boss is the man to transform Arsenal's fortunes.

Cole, who played under Ancelotti at Chelsea, said: 'I think he would bring togetherness. I've spoken about him a lot in terms of not just how good he was on the pitch but in terms of being a friend and someone that isn't always serious. You have to go out on the training pitch and have a laugh.

'You have to enjoy what you're doing and he brought that in training sessions with his coaching staff but then when we went to games he would give you that love and a push and the understanding of what it means to win games.

'He's won so much in his career as a player and a coach so he's someone that when he talks everybody listens. I think it would be great if he went to Arsenal.'