Real face Liverpool this week in the Champions League.
"He's one of the players I would have loved to coach," Ancelotti told The Sun.
"And I thought about him so many times in the past when I was at Milan.
"I don't remember exactly what year it was but we did try. Of course, I wanted to pair him up with Pirlo, it was a fantastic combination.
"Putting Gerrard in midfield with Pirlo. It would have been fantastic."
For the big stories and the banter follow us on Twitter: @tribalfootball