The Costa Rica international is set to move to the Santiago Bernabeu after Los Blancos agreed to meet his €10 million (£8m) release clause but, with Diego Lopez and Iker Casillas already on their books, Ancelotti says that he is in no pressing need for another keeper.
"Keylor Navas is not a Madrid player for now; we have three goalkeepers here," he said to reporters. "We’ll see, we are in pre-season.
"Iker has just arrived, he has begun training. For us, it’s not a problem of goalkeepers. Last year, I understand that there were many debates in the press but not for me."
He added: "I'll decide at the beginning of the season which goalkeeper will play."
After bringing in Germany World Cup winner Toni Kroos and Colombia star James Rodriguez this summer, the future of midfielder Angel Di Maria remains uncertain, with French champions Paris Saint-Germain and Manchester United both in the mix for his signature.
However, Ancelotti feels that the extra competition for Di Maria's place next season would be good for the whole team as it would offer him more options should any of his players sustain injuries.
"Di Maria is a Madrid player. It is clear that, with the arrival of James and Kroos, there is more competition but all the big clubs have competition and that gives energy to the team," the Italian argued.
"Last year we had problems at the end of the season with injuries that were not very good and with these two players [Kroos and James] we have the ability to reach the end of the season without problems."