Bayern Munich manager Carlo Ancelotti is set to leave the club following their 3-0 hammering against French Ligue 1 side Paris Saint Germain in the UEFA Champions League, according to sources close to ESPN.

The manager won the German Bundesliga title last season but had a disappointing run in the UEFA Champions League which was halted by Spanish giants Real Madrid at the quarter-final stage of the competition.

Thananuwat Srirasant/Getty Images Sport

Bayern Munich CEO Karl-Heinz Rummenigge had warned that there would be severe consequences if the club lost in Paris, which they did.

The club called a meeting today to discuss the future of Ancelotti and have reportedly come to the conclusion that the best thing possible for all parties is that he leaves.

The German champions have also made a very sluggish start to their league campaign this season and linger in third position following one loss and one draw in their opening six matches.

Ancelotti succeeded Pep Guardiola at the Allianz Arena with the target of winning the UEFA Champions League and after the hammering suffered at the hands of PSG, it does not seem that he is the man to lead them to glory in Europe.

Former Borussia Dortmund manager Thomas Tuchel has been rumoured to be the next man in charge at Munich.