The Italian boss said he remains focused on his current role at Madrid as the team looks to defend their La Liga, Spanish Super Cup and Champions League titles and prepare for the Club World Cup in February.
"I don't know what the future holds for me, I live day-by-day," Ancelotti told Italian Rai Radio 1 show.
"At the moment, I'm happy in Madrid, we have a lot of objectives for this season. I have a contract until June 30, 2024, and, if Real Madrid don't sack me before then, I'm not going to move."
Ancelotti also praised the work of Argentina coach Lionel Scaloni after his side were crowned World Cup champions following their victory over France in the final.
"(Scaloni) did an extraordinary job and did not invent anything new: he put the players in place and gave them a good defensive organisation," Ancelotti added.
Ancelotti's Real Madrid will resume their season on December 30th, as they look to regain the LaLiga top spot, where Barcelona sit two points ahead.
