The Italian is not necessarily looking to make major moves in the transfer market this summer, arguing that patience is the key to success
The Spanish giants brought in Gareth Bale for a world record €100 million last term and have since won the Copa del Rey.
They have also reached the Champions League final but look unlikely to win La Liga thanks to a 1-1 draw at Valladolid this week and Ancelotti says that patience, not money, is the key to success.
"Building a team and adapting to the characteristics of the players takes a long time," he said at the launch of a video game in Madrid.
"It's not natural - you have to work at it. It's necessary to know the players well and adapt them. No system guarantees you victory - all of them are valid.
"The answer is not always to sign the best. I wouldn't sign anyone because I have the players I like.
"The most important thing is to go for the same objective, to value Madrid more than anything else in this case. You win as a team, not as individuals."