The Italian has refuted claims that the Parisien side will be looking to make a bid for the Belgian attacker at the end of the current season
The young Belgian has been in superb form over the past two seasons and helped his current side to put a massive dent in PSG's title hopes by winning 2-1 over the weekend.
However, despite the attacker's performances and the Parisien club's ambitious plans to become a major force in Europe, Ancelotti has refuted reports linking his team with a move for the player.
"We are not interested in this player [Eden Hazard]. We have other targets," the Italian trainer told L'Equipe.
Hazard has been heavily linked with a summer transfer to the Premier League with Manchester United, Manchester City, Tottenham and Chelsea all believed to be fighting it out to secure the services of the 21-year-old.
The player himself told Canal+ at the weekend that his ambition was to move to England and he would choose to cross the Channel over an offer from a French club.
"Paris [PSG] is interesting, but my objective is to go to the Premier League, because I have had my time in France. I want to finish the season with Lille and then go to England."
Hazard has made 34 Ligue 1 appearances this term, scoring 17 goals and grabbing 19 assists in the French top flight.