Everton director of football Marcel Brands told the club's USA Live event last week he hopes to persuade the 32-year-old Republic of Ireland full-back to stay beyond his current terms, which expire at the end of next season.
But manager Ancelotti told evertontv: “I don't think we have to talk about the contract.
“The contract that Seamus has with the club and this team is forever.
“It doesn't mean one-year long or two years long. Seamus' contract with Everton is forever."