EXCLUSIVE | By Manchester correspondent Alex Stevens

Manchester City have made Carlo Ancelotti an offer to become their new manager – and want to secure him as the replacement for Manuel Pellegrini this month.

FC Barcelona v Manchester City - UEFA Champions League Round of 16

Football Insider has learned that the Premier League champions have offered Ancelotti a contract and are now waiting for a response from the 55-year-old Italian.

As revealed by Football Insider, a City delegation had a meeting with representatives of Ancelotti during the recent international break to assess his interest in taking over at Etihad Stadium this summer.

Ancelotti is expected to leave the Bernabeu at the end of the season and City have made him their No1 target to succeed Pellegrini after learning that Pep Guardiola will not be leaving Bayern Munich.

Pellegrini’s position is under threat in the wake of a disastrous campaign will end without a trophy for his team. City failed to make an impression in the three cup tournaments and go into Sunday’s Manchester derby in fourth place and nine points adrift of leaders Chelsea.

City have been encouraged by the growing expectation that Ancelotti could be available. As reported by Football Insider last month, the man who steered Real to the Champions League title last season is in danger of being sacked by the Spanish giants at the end of the season.

Senior figures at Real have been disappointed at how the team have slipped since their club-record 22-match winning run came to an end in the first week of January.

City made contact with Ancelotti last month and are convinced that he has the pedigree that City are looking for should they decide to dismiss Pellegrini at the end of his second season at Etihad Stadium.

Ancelotti has won three Champions League titles with two different clubs, Real and AC Milan, and league titles in three different countries, Italy, England and France.

Significantly, he also has experience of managing in the Premier League after two years with Chelsea from 2009-2011, winning the Premier League and FA Cup in his first season.