Ancelotti is now working as a television pundit for Sky Sport Italia after his dismissal from Stamford Bridge.
"It's only right to have a break after 13 years of working continuously," he told Tuttosport newspaper.
"This will also give me an opportunity to get up to date and study the various different Leagues. If I was to return to work, I'd prefer to wait for a call from the Premier League. In the meantime I want to enjoy this new experience as a pundit."