The Chelsea boss and England manager Fabio Capello head the Italian FA's wish list, but Ancelotti insists he is very happy at Stamford Bridge after arriving from AC Milan in the summer.
Lippi is expected to take up an administrative post at Juventus after defending the World Cup in South Africa, but Ancelotti said: 'I'm fine here in London.
Happy where he is: Carlo Ancelotti is loving life as Chelsea boss
Fine English dining: Ancelotti enjoys a good breakfast
'I have a three-year contract and I love everything about the club, their fans and English football.
'And the results, also, aren't bad. In the Premier League we've won 10 out of 12, three out of four in the Champions League.
'Even at the dining table I haven't had any problems.
'I am captivated by English cuisine and especially with breakfast. I became a fan of bacon.'
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