The Italian helped the club win the Double last season in superb fashion, but their main hope of winning silverware this term is via the Champions League.
It has been a season of frustration for the Blues with their mid-season slump severely hindering their chances of landing the Premier League title while the addition of Fernando Torres has failed to yield immediate dividends.
That has let to question marks being raised over Ancelotti’s future with chief executive Ron Gourlay refusing to confirm the vastly-experience coach would be retained next term.
Ancelotti has now confirmed his position, stating he is happy at Chelsea and in England and is looking to stay to at least 2014 as he will then be considering the possibility to coaching Italy.
“I hope to stay where I am,” he told the Daily Mirror.
“Here is paradise. I stay really Italian but I appreciate the English, even if they aren’t very flexible. But I admire their love of the rules.
“For now I am thinking only about the Champions League final and I have made this clear to the squad.
“I am working all out to reach Wembley and the minimum of fourth place in the Premier League.
“One day I will return to coach Italy, but I don’t know when. The national side? Maybe after 2014.”
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Carlo Ancelotti Keen On Blues Stay