Reports have suggested that Ancelotti could be replaced by Chelsea following a season in which the Blues have failed to win a trophy.
“He’s got my full support. I love Carlo,” Terry told The Sun.
“He won the double in his first year and this season the injuries and releasing players has been tough for him.”
Michael Ballack, Deco and Joe Cole were all allowed to leave the Blues last summer.
“When (Jose) Mourinho was here we had a big squad but we miss that,” Terry added.
“Somewhere in between where we are, and what we had, would be ideal.”
