Brazil are said to want one of Carlo Ancelotti or Jorge Jesus to replace Dorival Junior who was dismissed following a humbling 4-1 defeat to Argentina.
According to The Athletic, they have narrowed in on Real Madrid boss Carlo Ancelotti and Al-Hilal head coach Jorge Jesus.
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The report states that the CBF aims to conclude their search and appoint a new head coach before the inaugural FIFA Club World Cup begins on June 14.
The Selecao are set to play key World Cup qualifiers against Ecuador on June 4 and Paraguay on June 9.
Defeat to Argentina leaves Brazil sitting in fourth in the CONMEBOL World Cup qualification table, with 21 points from their 14 games.