"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.
Vinicius Junior's decisive impact helped Real Madrid come from behind to beat a determined Espanyol side 4-1 on Saturday and move a point behind La Liga leaders Barcelona.
"He is able to do things that no-one can think of," Ancelotti said after the 18-year-old Endrick became the youngest Real Madrid player to score in any official international competition.
Midfielders Jude Bellingham, Aurelien Tchouameni and defender Eder Militao are set to be available for the match at the Santiago Bernabeu despite Militao missing training as he required an extra day to recover fully.
Carlo Ancelotti has warned Kylian Mbappe and Endrick of the standards expected each and every time they put on a Real Madrid shirt.
Real Madrid manager Carlo Ancelotti said on Thursday there was no excuse for his side's slow start to the LaLiga season after the team fought back to rescue a 1-1 draw at lowly Las Palmas thanks to a Vinicius Jr goal late in the second half.
Ancelotti said his players lacked focus after taking an early lead through Rodrygo in the 13th minute but allowing Mallorca to rescue a point with a Vedat Muriqi header after the break.
Kylian Mbappe was left frustrated on his Real Madrid La Liga debut on Sunday as a resilient Real Mallorca held the Spanish and European champions to a 1-1 draw in their title defence opener.
The France captain scored on his long-awaited first Madrid appearance as Los Blancos beat Atalanta to win the UEFA Super Cup on Wednesday.
Kylian Mbappe could make his debut for Real Madrid when they face Atalanta in the Super Cup on Wednesday but coach Carlo Ancelotti would not be drawn on whether the French forward would start the game.
Brazil's poor performance in their goalless draw against Costa Rica in their Copa America opener on Monday has dampened the enthusiasm surrounding their new manager and a revamped squad headlined by Vinicius Jr.
