The former PSG boss believes the attacker's prowess and professionalism makes him a prime example for young players at the club
The Santiago Bernabeu side secured the services of youngsters Dani Carvajal, Isco, Casemiro and Asier Illarramendi this summer to add to homegrown prospects such as Alvaro Morata and Jese Rodriguez, and Ancelotti believes Portugal star Ronaldo is the perfect role model for the club's young talent.
"Cristiano is an example for the youth," Ancelotti was quoted as saying on the club's official website.
"He has everything a football player needs to be great. And he is great, a really fantastic football player. He’s an example for the young players on the team.
"I ask the players for a competitive spirit, professionalism, and to be aware at all times that they belong to a club with impressive prestige."
Ronaldo's future at the club has been subject to speculation of late as talks over a new contract continue to stall, although president Florentino Perez has stressed his confidence that the 28-year-old will sign fresh terms at the club.
Madrid are currently on their USA tour ahead of next week's La Liga opener at home against Real Betis.