The Blancos coach is intent on making history in the European Cup this season but admits Bayern Munich is the favorites for the competition.
The Liga leaders have one foot in the last eight of the competition after thrashing Schalke 6-1 at the Veltins-Arena in the round of 16 last week.
While the Italian insists that Bayern Munich remains the favorites for the Champions League, he says Madrid is united in its desire to make history.
"La Decima is a big motivation for all of us. We have nine [European Cups], we're all waiting for the tenth and we will do all we can to get it," he told AS. "Our rivals? All sides are dangerous. In the quarters onwards all teams are competitive, although Bayern are the favorites."
Los Blancos sit one point clear at the top of La Liga following a 2-2 draw with title rivals Atletico Madrid and Ancelotti believes the race for the Primera Division can go either way.
"It's uncertain, the distances are very small and it's all to play for. Our growth? We lost time trying to find our equilibrium, it was hard but now we're more solid and doing things better," he said.