The European managerial merry-go-round continues as Ligue 1 giants PSG are set to announce the appointment of former England boss Fabio Capello.

The Italian has been in charge of the Russian national team during the World Cup qualifiers but PSG are set to match his release clause.

That frees current incumbent Carlo Ancelotti to take up the vacant job at Real Madrid. The Italian had indicated to his employers that he wished to take up the reins of the nine-time European Cup winners.

PSG had been rumoured to be interested in Tottenham's Andre Villas Boas and were also linked to Arsenal's Arsene Wenger.