Italian adamant England defender will remain with Blues...
The England international left-back has been the subject of transfer speculation in recent months, after former Blues and current Real Madrid coach Jose Mourinho expressed his desire to be reunited with his former player.
Cole, who has been criticised for his reported text to a close friend in which he said he 'hated England and the people', will report for pre-season training next week having been given an extended holiday following World Cup 2010.
“If a player is not happy, then what you have to do is find a solution,” Ancelotti told reporters.
“Maybe I can tell him a joke to make him happy! Which one? I know many! It is not frustrating for me if other clubs may want him.
“Ashley [Cole] is a Chelsea player and nobody wants to sell him. We want to keep him in our squad. I am 100 per cent sure he will be at Chelsea this season. I consider him to be the best player in his position in the world.
“I don’t need to talk to him. He is happy to stay at Chelsea. He never said he wanted to go. There is no chance he will go. No way.”
Ancelotti will be hoping to build on his success last year after guiding the Blues to an historic domestic Double.
However, after tasting European success with former club AC Milan, Ancelotti will be keen to add to his Champions League medals this time around.