Breaking:- Carlo Ancelotti has been appointed as the new Everton manager.

The Italian, 60, was only sacked as Napoli boss on December 10 and was in the running for the vacant manager’s post at Arsenal prior to them intensifying talks with Manchester City coach Mikel Arteta. 

But Everton owner Farhad Moshiri has got his man and the three-time Champions League winner, who led Chelsea to the Premier League title in 2010, comes in at a time when the Toffees are only three points above the Premier League relegation zone. 

Ancelotti will have his son, Davide, as his assistant on the coaching staff and there will also be a place for Duncan Ferguson. The Scot was placed in charge in a caretaker capacity after Silva’s sacking on December 5. 

Ferguson has enjoyed success in the last two weeks, earning a home win against Chelsea before securing a point against Manchester United at Old Trafford. 

The former Toffees striker, who also oversaw Wednesday’s Carabao Cup quarter-final defeat by Leicester, will take charge of his final game when the Gunners visit Merseyside.  

A terrible opening four months of the season left Everton in the relegation zone and Silva out of a job, with the final straw proving to be their 5-2 Merseyside derby defeat by rivals Liverpool at Anfield. 

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