Ancelotti was speaking ahead of tonight's derby at Atletico Madrid.
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"Does Vinicius deserve the Ballon d'Or? I think so," said Ancelotti, "given the efficiency he has shown in the Champions League, scoring in the semi-final and final.
"I think he will win it. If he doesn't win it, we'll move on.
"Tomorrow will be a fun show, we will use all their qualities to put on a great show."