Conte has found himself under pressure at Stamford Bridge in recent weeks after the Blues slumped to back to back defeats by Bournemouth and Watford in the Premier League.
Those results have left Chelsea FC in fourth place in the Premier League table and facing an uphill struggle to try and qualify for the Champions League next season.
The Blues will aim to get back to winning ways when they host West Bromwich Albion in front of their home fans on Monday night.
There has inevitably been speculation about Conte’s future at Stamford Bridge given his side’s disappointing form in recent weeks and Chelsea FC’s trigger-happy policy when it comes to their managers.
And Rosenior reckons that former Chelsea FC boss Ancelotti could be being lined up for a return to Stamford Bridge in the near future.
Speaking on The Debate on Sky Sports, Rosenior said: “There is another Italian manager out there and I know Abramovich isn’t scared to go back.
“Ancelotti is an outstanding manager. He is the type of character who can go into the football club and lift people.
“The atmosphere at the club isn’t great. He has been there and done it. I wouldn’t be surprised if he went back there.”
Chelsea FC will take on FC Barcelona in the last 16 of the Champions League later this month.
The Blues won the Premier League title in style in Conte’s first campaign in charge at the club last season.
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