The Italian, who was sacked by Napoli earlier this month, is set to be unveiled as Marco Silva’s successor ahead of Saturday’s clash against Arsenal – a game you can listen to LIVE on talkSPORT.
Ibrahimovic is a free agent and remains without a club since he left MLS side LA Galaxy at the end of the season.
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It looked as if he had agreed a deal to return to AC Milan, while the striker has also been linked with Tottenham before Jose Mourinho ruled out a move.
According to The Telegraph, Ibrahimovic could be heading to Goodison Park to play under Ancelotti again, having done so previously at Paris Saint-Germain.