The 54-year-old Italian was unveiled as Jose Mourinho's successor as los Blancos boss on Wednesday and, during his first media grilling, he insisted that he expects to enjoy a close and harmonious working relationship with his new club's director of football.
"Zidane will sit with me on the bench," Ancelotti told reporters. "But it's a shame he can't play!"
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"We haven't spoken yet about new signings, because it's my first day here," the former Chelsea boss explained.
When pressed on Madrid's reported interest in signing Malaga starlet Isco, Ancelotti stated that he new nothing of any concrete bid for the player.
"I can only talk about this player's quality," he reasoned. "He has a lot of quality."
The arrival of the ex-AC Milan coach would appear to be good news for Rossoneri legend Kaka, who has struggled to nail down a regular berth in the Blancos line-up since arriving at the Santiago Bernabeu from San Siro four years ago.
But Ancelotti was coy when it came to addressing the Brazilian's future, stating: "I'll see him train and then I'll decide. For now, he's a Real Madrid player and we'll try to get the best out of him."
Ancelotti has penned a three-year contract with Madrid and arrives in the Spanish capital just over a month after leading Paris Saint-Germain to their first French title since 1994.