Carlo Ancelotti is said to have agreed a new contract that will see him remain at the club until 2010.



From the brink of exit to a new and improved Rossoneri deal, life has sure turned on its head for Carlo Ancelotti in two months.

Following the Champions League triumph, his second in four seasons, he is being handed a new three year deal (he had only one remaining), that will also see him earn a few extra millions.

The new deal - which is set to be confirmed officially shortly - will now see him stay at Milan until June 2010, and make 4.2 million euros, latest reports from Italy suggest.

He has also been assured that he will be handed the funds to reinforce the team further. It will include one star signing, along with a few players to strengthen the midfield and defensive departments.

Apparently he has been promised by Galliani that at least one of Shevchenko, Ronaldinho and Eto'o will come to Milan in the summer.

In addition, he will be handed finds to bring in the likes of Emreson (Real Madrid) and Alex (PSV) - two players he has tagged as top priority.

Apparently he has been promised by Galliani that at least one of Shevchenko, Ronaldinho and Eto'o will come to Milan in the summer.

In addition, he will be handed finds to bring in the likes of Emreson (Real Madrid) and Alex (PSV) - two players he has tagged as top priority.

This is gut!