Ancelotti admits he has plenty of history with the Reds.
"They are a team with special connotations for me - some bad memories, some good," he said. "Twice they beat me when the European Cup was there to be won, that time with Roma when I couldn't play and then in 2005. But I won the Champions League Final against them in 2007 and my Chelsea side beat them 2-1 at Anfield.
"Now my goal, Real Madrid's goal, is to do what nobody else has done.
"Last year there was so much talk about the obsession with 'La Décima' (Madrid' s 10th competition win) - that was our driving force and we achieved it.
"To win 'The Eleventh' is now on everyone's lips and while it's a long road, I' m convinced we are in the mix for the trophy because of the talent in our squad."
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