Le Parisien reports that PSG president Nasser Al-Khelaifi returned to Paris on Tuesday morning to conclude the affair and fill Ancelotti's position, with Tottenham manager Andre Villas-Boas still the Qatari's first pick for the job.
But with Villas-Boas set to stay with Spurs - the first time the Portuguese will be in charge of a club for a second season - Capello has assumed pole position for the PSG post.
The former England boss and his son Pierfilippo arrived in the French capital in the evening, the report claimed, suggesting he is ahead of fellow candidates Guus Hiddink and Michael Laudrup in the Parisian pecking order.
The former AC Milan, Juventus, Roma and Real Madrid boss will trigger a 3 million euro release clause in his current contract with the Russian football federation to join PSG, according to l'Equipe.
Capello is one of the most decorated coaches in the game, with five Scudettos (and a further two with Juventus that were later taken away following the Calciopoli scandal), two Liga titles, a Champions League crown and a European Super Cup to his name.
- Sports & Recreation
- Carlo Ancelotti
- Real Madrid
- Le Parisien