The Italian coach dismissed suggestions that he is keen to sign the Sweden forward, stressing that the French club's focus is on securing the services of talented youngsters
PSG has been suggested as a potential destination for the Sweden international as Ancelotti looks to add to his attacking options in the summer.
However, the Italian coach insisted that the club will not try to land Ibrahimovic as their focus is on signing hot prospects to ensure long-term success.
"PSG's transfer policy is to invest in young talents and to build a squad with players who can perform at a top level for the next four or five years," he told Il Corriere Della Sera.
"That is why we do not need Ibrahimovic, he does not fit our requirements."
Earlier on Wednesday, Ibrahimovic dismissed the reports linking him with a move to the French capital.