Ancelotti has surprised many in Italy by agreeing to replace Marco Silva as manager at Goodison Park.
But Capello told Gazzetta dello Sport: "I am very happy.
“Carlo will have understood that in that club you can work in a certain way and that there are the foundations for an interesting project.
"Wherever he has gone, he has won. Ancelotti has a fundamental talent: he knows how to manage the pressure."