The Italian has been linked to the coaching position that has been vacant for some time now.
Brazilian FA president Ednaldo Rodrigues has admitted Real Madrid manager Carlo Ancelotti is favourite with players and fans alike.
Rodrigues’ comments could be understood that the Champions League-winning manager is potentially the next coach for the South American giants.
The position remains vacant since Tite resigned after Brazil were eliminated by Croatia in the quarter-final of the World Cup in Qatar.
"I really admire him for his honesty in the way he works and how constant his work is. He needs no introductions," Rodrigues is quoted as saying.
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The Selecao have been without a head coach since Tite resigned.
"He is really a top coach who has several achievements, and we hope he can have even more.
"Ancelotti is not only the players' favourite but it seems the fans' too. Everywhere I go in Brazil, in every stadium, he is the first name the supporters ask me about.
"They talk about him in a very affectionate way, in recognition of the exemplary work he has done in his career.
"Let's have faith in God, wait for the appropriate time, and we'll see if we can make it happen as we look for the new coach of the Brazilian national team."
However, the Brazil FA chief stated that so far there has been no formal contact or approach to Ancelotti or any potential Tite successor.
"We will be very ethical in our approach and respect the contracts that are in place," he added.
"We also greatly respect the work that is done by any coach and his club to get there and make any kind of approach, it would be a lack of respect for the president of the clubs in question."
"Therefore, we have the patience to wait for the right moment so that we can hold these conversations.
08:57 - 26.03.2023
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The north African side, who became the first Arab or African nation to reach the World Cup semi-finals last year, showed that their success was no fluke.
"Nothing is really defined yet to say the name (of the next coach) for sure, but it's within this line, you understand? We need a coach who has the players' respect and admiration."
At Santiago Bernabeu, Ancelotti is working with Brazilian stars Vinicius Jr and Rodrygo.