Reports in newspapers on Monday suggested Ancelotti was ready to quit the Blues after becoming disillusioned.
The former AC Milan boss is unhappy with the club’s sacking of Ray Wilkins.
He told a press conference on Monday: “I don’t know if it’s enough to clarify my position today to close these rumours and speculation.
“These rumours are totally untrue. I don’t know why they came out. I didn’t speak with the LMA. They called me last night when I was at home, quiet, to find out what was happening.
“These rumours are totally untrue. I have my contract until 2012, here, in this club. I’ve said a lot of times that I’d like to stay here.
“I love not just this club, but these players. I have a lot of confidence in these players, in this squad, so there’s no reason to change my ideas. I don’t know if this is enough to speak about all this.
“I think that when the team don’t reach the right results, obviously the coach is under pressure. Obviously I am under pressure because I’d like Chelsea to win every game, but just this.
“I am focused on my job and to give my team, my club … to make us play better than we are at this moment. Just this.”
