Carlo Ancelotti: 'I'm happy at Real Madrid'

Real Madrid manager Carlo Ancelotti has revealed that he feels fortunate to work "at the best team in the world".

Ancelotti has been linked with the vacant managerial role at Manchester United, but the former Chelsea boss has insisted that while he has respect for the Premier League side, he intends on remaining in Spain.

The 54-year-old told reporters: "I'm really happy here. I'm lucky to work at the best team in the world.

"I respect Man Utd a lot. I was disappointed for what happened to David Moyes, but my place at the moment is here."

Ancelotti has taken Madrid to the Champions League semi-finals during his first season in charge at the Bernabeu, while his side currently sit third in the La Liga standings.