The Rossoneri coach insists he will still be in his current role in 2009-10.
"There's not much to say," he explained to Sky, when quizzed about joining the London outfit, after Milan defeated Chievo on Saturday.
The Champions League winning tactician is seemingly tired of hearing speculation about his transfer to the Blues and turned the attention towards Inter boss Jose Mourinho, who is also rumored to be in contention to return to his former post at Stamford Bridge.
"I just hope they stop talking about it by the end of May, because then I will be on holidays," he laughed.
"Maybe Mourinho will go. I, however, am going to continue to coach Milan."
On Monday, Chelsea announced that despite the initial success Guus Hiddink has had as coach of the club, he will not continue in the role next season - further instigating rumors that Ancelotti will be the one to succeed him.
Adam Scime, Goal.com