PSG coach Carlo Ancelotti insists there is no agreement with Real Madrid.

Ancelotti has not committed himself beyond the end of this season, but denies he's held talks with Real.

"I am honoured of the work I do here and it is normal," he said at a press conference.

"A coach has a great responsibility. I'm not talking about Real Madrid, why would I have to talk about it? I have not spoken with Madrid, journalists talk about Madrid."

On PSG, he added: "I like the players and the staff. When you win it means that the relationship was good. We had hard times but it is a good test to understand if a group is strong in character."