He said: "The club have to judge my job - be objective.
"If they decide to change, it's not a problem.
"You won't see me crying or doing something. I will accept the decision of the club and find another 'solution'."
Ancelotti admitted he never imagined he would find himself in the firing line 12 months on from winning the double after overseeing Chelsea's worst season of the Roman Abramovich era.
"No, but this is football," he said.
"I'm not surprised about this.
"When I started my experience here in England, if someone had told me that we would win the FA Cup and the Premier League in two years, I'd have been happy.
"In these two years, I have to be happy because the team, last year, was fantastic.
"This year was not so good. But we can learn from this experience to do better next season."
Despite suffering such a dramatic reversal of fortune, Ancelotti insisted he was still able to enjoy the campaign.
"I am happy when I work, and so I have enjoyed this season," he said.
"I trained for 15 years in this work and, sometimes, I was able to win. Other times, I was not able to win.
"But every time I was happy at the end of the season because I'd worked.
"Sometimes I'd worked well, other times I'd made mistakes. But this is my work. I want to stay and maintain my work."