Conte is expected to sign a three-year deal to take over at Stamford Bridge
The announcement that he will not renew his Italy contract was made earlier on Tuesday morning by Carlo Tavecchio, the president of the Italian FA, and has now been confirmed by Conte himself.
Initial talks were reported to have been positive, with Conte potentially talking about a long-term deal to come to England as a replacement for interim boss Guus Hiddink.
Hiddink, who replaced Jose Mourinho on an interim basis in December, has already stated his intention to retire from management at the end of the season, ruling himself out of taking the role permanently.
Conte, 46, took over the Italian national side in August 2014 and secured their qualification for the European Championship in France. He won three Serie A titles with Juventus, predominantly favouring a system employing three central defenders.
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