I still think that we'll ultimately go for Luis Enrique.
I think Ancelotti would achieve expectations in every competition with the likes of Foden, Dias, Grealish, etc, plus Pep's next batch of signings available to him... It's his European nous that sets him well above people like Rodgers, Potter, etc.
The guy knows the game inside out and is widely respected across Europe. He'd probably snap your hand off for half a chance at City, and would be a great mentor in the development of any future coach.