Josep Guardiola’s press conference in Barcelona on April 27, 2012 announcing his exit

Carlos Ancelloti, former coach of Real Madrid,  will replace  Pep Guardiola at  Bayern Munich as head coach at the end of the season, Club chairman Karl-Heinz Rummenigge told the newspaper Bild on Sunday, ending speculations about the club’s Spanish coach.

“We appreciate everything Guardiola gave to our club and hope to celebrate a lot of success this season,” Rummenigge told Bild.

“With Ancelotti, we have a new successful trainer for Bayern. We are looking forward to working together.

There is no confirmation yet about Guardiola’s next club. Chelsea, Manchester City have been linked with him.

At a press conference on Friday, he said he has made up his mind about his next job.