Ancelotti insists he could fit Ronaldo into his star-studded line-up.
"I do not know if it is a transfer that the club can do," the former AC Milan coach admitted to L'Equipe. "Ronaldo is a symbol of Real Madrid. But could any coach say he does not want Cristiano Ronaldo?
"I think he can play with Ibra without problem. They have the qualities to play together.
"I do not think this would cause problems of ego [either]. In Milan, I had a lot of players with big personalities, and we built a great team."