"I can make it clear, the truth is that I am very fond of my club, my players and my fans. I'll talk about my future on the 25th (of May)," Ancelotti told reporters on Saturday ahead of a home game against Celta Vigo.
Brazil are now expected to pursue Al Hilal boss Jorge Jesus.
The veteran Italian has one more year on his contract with the Spanish giants but after quarter-final Champions League elimination by Arsenal and Copa del Rey defeat by rivals Barcelona, is poised to depart the Santiago Bernabeu.
Real Madrid refused to partake in planned Copa del Rey final related activities on Friday because they were angry at complaints made by the match officials earlier in the day, the club told media in Seville.
Ancelotti's future has been questioned following their Champions League quarter-final loss to Arsenal, with multiple reports suggesting he could leave Real at the end of the season to take over the Brazil national team.
Real Madrid coach Carlo Ancelotti said striker Kylian Mbappe is poised to return from injury to face rivals Barcelona in the Copa del Rey final on Saturday.
Real Madrid coach Carlo Ancelotti praised his team's character after their hard-fought 1-0 win over Athletic Bilbao on Sunday, keeping their LaLiga title hopes alive while responding in the best possible way to their Champions League exit.
Barcelona will be aiming to open up a seven-point lead at the top of LaLiga table when they welcome Europe-chasing Celta Vigo on Saturday.
Jurgen Klopp is "very happy" in his current post at Red Bull despite rumours linking him to a return to management with Real Madrid, his agent said Friday.
Real Madrid Manager Carlo Ancelotti was overjoyed with Kylian Mbappe's first hat-trick for the club as they beat bottom side Real Valladolid 3-0 away on Saturday to extend their lead atop LaLiga to four points.
Real Madrid coach Carlo Ancelotti quashed rumours regarding the future of star forward Vinicius Junior on Friday, saying the Brazilian is committed to staying with the reigning European and Spanish champions.
Ancelotti heaped praise on his forwards, with Brazilians Vinicius Jr and Rodrygo scoring twice either side of a goal by Kylian Mbappe as last year's winners secured a spot in the knockout stage.
The Italian coach said that he was never in doubt that the 26-year-old forward was going to find his form despite a slow start in the Spanish capital after arriving from Paris St Germain, playing in a more centralised role up front.
Aurelien Tchouameni dropped out of Real Madrid's squad to face Las Palmas in La Liga on Sunday "due to discomfort in his left leg", said the Spanish champions in a statement.
The former Paris Saint-Germain superstar struggled to find his top level after completing his dream move last summer but now has 16 goals in 29 games across all competitions.
Real Madrid midfielder Eduardo Camavinga has been sidelined with a hamstring injury suffered during the club's 5-2 Copa del Rey win over Celta Viga, the club said Friday.
Ancelotti said he was glad that his side showed character to not be affected by their fans' anger and advance to the quarter-finals of Copa del Rey.
Real Madrid coach Carlo Ancelotti on Wednesday demanded a rapid reaction from his team after their capitulation against rivals Barcelona in the Spanish Super Cup final.
Jude Bellingham and Rodrygo scored second-half goals to help Real to a 3-0 win over Mallorca after Barcelona beat Athletic Bilbao 2-0 in the other last-four clash.
