Real Madrid boss Carlo Ancelotti says defending their Champions League crown is a priority.

Ancelotti is convinced his squad is the best in the world.

"Winning the eleventh European Cup is one of our dreams; if we can do it, we would become the first team to have won back-to-back trophies since UEFA changed the format of the competition. The prospect of that really excites the President and we will do everything possible to make him and the fans happy," the coach said.

"We're not setting any limits for 2015."