Ancelotti has the belief that McEachran can become a first-team player this year and he has already ruled out the prospect of letting him leave on loan.
"We won't be sending him on loan," said Ancelotti.
"He will stay here and play here. We now have one more player.
"It's a surprise because he is a very talented player and we prepared a programme for him to improve but I think he is improving very quickly.
"I don't have a fear of rushing him because his character is good, he is focused.
"He has balance. He is not afraid or quiet. And for this reason I can say he can play."