The newly-promoted club spent £60 million on a pair of Porto players this week whilst leading the race for Radamel Falcao, and the PSG coach has embraced the opposition
Claudio Ranieri's side secured promotion into Ligue 1 in May and wasted no time in starting a summer splurge by splashing out €70 million (£60m) combined for Porto pair Joao Moutinho and James Rodriguez.
The principality club are also leading the race for €60 (£51.3m) million-rated Atletico Madrid striker Radamel Falcao this summer, and Ancelotti - whose side are well-versed in spending heavily in the transfer market to achieve success - has embraced the latest opposition in the league.
"It is good for French football to have another competitive team [financially]," he told Le 10 Sport. "If Monaco buy top players, then Ligue 1 will be more competitive and spectacular."
PSG spent well into triple figures in millions fashioning their current squad during the last two summers, sprees that included acquiring Zlatan Ibrahimovic, Thiago Silva, Ezequiel Lavezzi, Javier Pastore and Marco Verratti.
Ancelotti guided les Parisiens to league success for the first time in 19 years in May, but has expressed his desire to part company with the club this summer, with Real Madrid seeing the Italian as an ideal replacement for Chelsea-bound Jose Mourinho.