New Everton manager Carlo Ancelotti will have been promised funds to spend in the January transfer window by the board at Goodison Park, according to Noel Whelan.

Speaking exclusively to Football Insider assistant editor Russell Edge, the former Leeds United and Coventry City striker says there is no way the Italian would have taken charge without money being made available.

Everton confirmed on Saturday that they had appointed the former Napoli and Chelsea boss as their new manager, replacing former head coach Marco Silva.

With the January transfer window right around the corner, Whelan says the board must have promised funds to spend to get such a big-name manager on board.

“To get Ancelotti, he’s a winner, the CV says it all but he’s going to be going to that club wanting money to spend,” Whelan told Football Insider.

“There’s no doubt that he’ll get it because a manager of that calibre will want to spend money as he has done at Napoli, as he has done at Chelsea and everywhere else he’s been.

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“Money must have been made available to that agreement with the Everton board, given that promise that he’s got money to invest, money to improve in January and in the summer to take them to that next level.”

Everton were busy in the summer transfer window under Marco Silva, spending big on the likes of Alex Iwobi, Jean-Phillipe Gbamin and Moise Kean.

However, the new signings have struggled to hit the ground running, Ancelotti arriving with the Toffees sitting 15th in the Premier League table.

In other Everton news, it can be REVEALED that Carlo Ancelotti has given the green light for the club to sell big name at a £17million loss next month.