Real Madrid coach Carlo Ancelotti says he's happy where he is.

Ancelotti's new deal is expected to be soon confirmed.

He was linked with the bench of the Italian national team after Cesare Prandelli's resignation in the summer and is still touted as a candidate for the future, but he played down links to the Azzurri.

"My ambition is to stay at Real Madrid. I feel good in this club and with these players and I'd like to continue with them in the future."