Instead of wanting to avoid the favourites for the tournament, Ancelotti said that the tie will be a "great test" for the club.
"It's magnificent, we are delighted with the draw," UEFA.com quotes Ancelotti as saying. "We know it will be very difficult, but this will be a great test for us.
"Along with Real Madrid, they are competition favourites. They just have so many qualities – but we'll have our say."
PSG got past Valencia to reach this stage, while Barca knocked out AC Milan.