In an interview with Italian magazine, Max Ancelotti said: "I am not interested in the national team.
"I prefer to remain in London at Chelsea and lead the team to a Champions League final."
Chelsea sit at the summit of the Premier League with a one-point advantage over Manchester United.
Ancelotti, meanwhile, has promised to give some insight into his difficult relationship with former Blues coach Jose Mourinho if he leads Chelsea to the league title.
"If I win the league title with Chelsea I will say what I truly think of the Inter coach," said Ancelotti.