Los Blancos have already won silverware this season, lifting the Spanish Super Cup last month, while they are top of La Liga and through to the knockout round of the Champions League.
However, the capital outfit exited the Copa del Rey at the quarter-final stage last week, suffering a 1-0 loss to Athletic Bilbao at San Mames.
Ancelotti's team selection was criticised by sections of the Real Madrid supporters, who were also unhappy with their team's performance in the 2-2 La Liga draw with Elche before the break.
However, according to Marca, Ancelotti still has the full support of the Real Madrid board, with the 62-year-old on course to lead the team to a successful campaign.
Los Blancos are currently preparing for back-to-back league matches against Granada and Villarreal, which come ahead of their Champions League last-16 first leg against Paris Saint-Germain on February 15. body check tags ::