I too believe on Anceloti and he is not the kind of person that do too much, if it's not going to favour him, he will know from onset, Mbape is a big project for Real Madrid and he is going to deliver until 2026 which I think he might want to retire possibly. I'm not sure if he is ever going to work elsewhere after Real Madrid.
When talking about age, we can see that the situation of Ancelotti does seem like he wants to spend time in Madrid by retiring there because it is not possible for him to find a new club or team at the age of 65 this year.
But on the other hand, this is Ancleotti who is indeed with all the charm he has which is even difficult to guess what movements he will make.
Previously we were even fooled by rumors that were quite hype at that time when Ancelotti was made the coach of the Brazilian National Team and even that was reinforced by several statements from several people in power in Brazil but in the end he remained in Madrid by extending the contract even though the duration was not too long.
It could be that before 2026 when his contract expires there will be some things that happen and maybe he will also retire. But I don't think retirement is a problem especially when he has experienced so many things including now coaching Madrid with all the benefits he has.