Real Madrid finished third in La Liga, but a 4-1 extra time win over city rivals Atletico Madrid in the Champions League final and a 2-1 victory over Barcelona in the Copa del Rey final made sure the capital club ended the season on a high.
And Benzema believes Ancelotti is the right man to lead the club forward as he is a “greatly loved” figure around the Santiago Bernabeu.
"He's a very quiet person who knows how to convey important messages without getting nervous” Benzema told Marca. “You know he's sincere when he talks.
“He is a greatly loved coach in the dressing room."
The 26-year-old, whose performances this season have secured him a place in France’s 23-man squad for the World Cup this summer, is content with his form and believes Ancelotti’s faith in him has restored his confidence.
"I think it has been a good season [for me],” said the forward, who scored 17 goals in 35 league appearances.
"Apart from the headlines, from a personal standpoint, I feel good because I was able to play many games in a row.
"In this situation, when I play regularly, I feel better. My performances have been good, I've scored as many goals as in my best period at [former club] Lyon. The more I play, the more confidence I have in myself."