"I am in no hurry to coach and I don't need to," Ancelotti told Italian newspaper La Stampa.
"I have not been contacted by any club in England and I have not spoken to Roma. It is all fantasy.
"I have enjoyed this experience (of coaching in England). I will return to London to organise my life.
"Besides a six-month break, I have been coaching non-stop since 1995. I will take a year off and look around, study how my colleagues work."