Carlo Ancelotti is on Twitter?!

So, it looks like Bukayo Saka might be playing left-back for Arsenal. Interesting.

An attacking three of Reiss Nelson, Gabriel Martinelli and Emile Smith Rowe behind Pierre-Emerick Aubameyang is a real show of faith in youth.

Freddie signing off with a statement.

Lom Tawrence: Real -> Bayern -> Napoli -> Everton. Wow. What a slope off that is.

Nick Sawyer: Ancelotti - world class appointment. Hats off to the club - truly living our values.

Image source, BBC Sport

Duncan Ferguson makes four changes to the Everton team that lost on penalties to Leicester in the Carabao Cup in midweek.

Gylfi Sigurdsson captains the Toffees after recovering from illness, while Djibril Sidibe, Lucas Digne and Fabian Delph also come in.

Leighton Baines, Michael Keane, Bernard and Seamus Coleman drop to the bench.

Everton XI: Pickford, Delph, Mina, Sidibe, Digne, Iwobi, Holgate, Davies, Sigurdsson, Richarlison, Calvert-Lewin

Substitutes: Stekelenburg, Baines, Keane, Tosun, Bernard, Coleman, Kean

Image source, BBC Sport

Arsenal make five changes to the team that lost at home to Manchester City in the Premier League last weekend. David Luiz and Granit Xhaka both return, with Emile Smith-Rowe, Reiss Nelson and Bukayo Saka also handed starts.

Mesut Ozil misses out altogether.

Arsenal XI: Leno, Maitland-Niles, Luiz, Chambers, Xhaka, Torreira, Smith Rowe, Nelson, Saka, Martinelli, Aubameyang

Substitutes: Martinez, Lacazette, Pepe, Mustafi, Mavropanos, Willock, Guendouzi

Carlo Ancelotti to Evertonfc.com: “This is a great club with a rich history and a very passionate fan base. There is a clear vision from the Owner and the Board to deliver success and trophies. That is something that appeals to me as a manager and I am thrilled at the prospect of being able to work with everybody at the Club to help make that vision a reality.

“I have seen from the performances in the last two weeks that the players are capable of so much. The work Duncan has done is a great credit to him. Strong organisation, strong discipline and the right motivation are some of the key ingredients in football and I’m pleased that he will be part of my backroom team moving forward.”

As we know already, Duncan Ferguson will be in charge for today's game against Arsenal. But it will be his last as caretaker boss.

Ancelotti is going to be at Goodison Park today and will take up the manager role full-time on Sunday.

Just seen shots from outside Goodison and there are a lot of fans frantically scrolling on their mobile phones. Big news.

Right then Everton fans, what are your thoughts on that? Surely, you've got to be happy.

Get your reaction in to us using the #bbcfootball hashtag on Twitter.

AND IT'S LIVE!

Carlo Ancelotti is the new Everton boss. We'll bring you more detail ASAP.

You still have time to fix your fantasy football team, but you better get a move on!

With Liverpool not playing due to their participation in the Club World Cup, is it worth taking their players out of your team?

If so, who do you replace them with?

We're here to help you through all the tough calls before the gameweek 18 deadline.

Here's what our research suggests.

Good luck...

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Guillem Balague
Spanish football journalist

Mikel Arteta has been appointed Arsenal's new manager and, while he may appear something of a novice to many, those who know him well say it is a moment he started preparing for more than 20 years ago.

Even in his early playing days at Barcelona's academy, in 1997, he was showing the kind of leadership skills which made him a distinctive figure. He has left his mark everywhere he has been since then, not merely as a player but also as a major influence on the team, both on and off the pitch.

Such is the regard in which he is held at Manchester City, there has long been an understanding that it was only ever going to be a matter of time before their assistant manager found himself being offered the top job at another major club. He has rejected the possibility of leading Newcastle and Lyon in recent months as they did not feel right at the time.

Read more from Guillem Balague here.

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"He knows the club" klaxon 2!

Arteta also used to play for Everton (they are the club Arsenal signed him from), so he also knows that club.

In fact, he was at Everton longer than Arsenal, so he actually knows the Toffees better. So by the 'he knows the club' logic he'd have been a better Everton manager than an Arsenal one. Is that how it works? I don't know.

At least nobody will need to tell where the car park is today.

"He knows the club" klaxon!

Yep, it's another former player returning to a club to manage. Mikel Arteta joins Frank Lampard, Ole Gunnar Solskjaer and today's opposite number Duncan Ferguson as recent men to have taken on managerial duties at a side they used to play for.

Barring the feelgood factor amongst fans, I'm not entirely sure what him knowing the club is actually worth, but there you go. I'm sure some people will go out of their way to tell me.

At least nobody will need to tell him where the car park is.

What Arteta has done is make a lot of the right noises though...

Arsenal made their move this week, appointing former player Mikel Arteta as successor to Unai Emery. Bold move too. They snatched the Spaniard from his coaching role at Man City and are willing to hand over control of what is a huge club to a rookie.

Everton are still yet to take the plunge for Marco Silva's replacement, but all the smart money is on Italian former Chelsea boss Carlo Ancelotti being their preferred man.

And wouldn't just know it, they're playing each other at lunchtime.

You would forgive the Arsenal and Everton fans for feeling a bit like Ebeneezer Scrooge this weekend.

They've seen off the Ghosts of Christmas Past...

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They're currently being shown around by the Ghosts of Christmas Present...

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But waiting in the wings/sat in the stands are the Ghosts of Christmas Yet to Come...

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