Ancelotti is even saying if he is staying in madrid this season but not for the next season. Ancelotti puts real madrid as its main priority rather than try to go to the brazil asap. That's why you will still see ancelotti coaching real madrid right now caused by ancelotti already confirmed that if he will not go to the brazil before upcoming season will be passed. Ancelotti is also trying to rebuild the team again slowly but surely after it has got big loss against manchester city in the UCL.
Ancelotti has a mission to do revenge right now. Don't worry, ancelotti will stay for another season. It's already confirmed by ancelotti itself.
So many news published his statement regarding the rumor of him linked to the brazil national team.
Ancelotti will definitely work out this season, which he has already explicitly announced several times. I see no reason not to believe a person who speaks directly about it. But about the fact that Ancelotti said some time ago that he was ready to end his career at Real Madrid, I would treat these words with much more caution. There are rumors that in 2024 he will announce his departure from the club to the management and the club already seems to be mentally ready for this and it is possible that Ancelotti will still decide to work with the Brazilian national team in the future.