The Italian is reportedly on the list of options considered for the Brazil national team job.
However, he does not want to leave Los Blancos anytime soon and is not thinking about an exit next summer.
At the moment, Ancelotti is fully focused on fulfilling his contract as Real Madrid manager – which expires in June, 2024.
Neither the Italian manager nor Los Blancos want to end their association next summer and he’s likely to reject any advances from the Brazilian federation right now.
Ancelotti has done a great job since rejoining the club as manager, helping them win the La Liga and Champions League titles last season.