England international Cole has been heavily linked with a move to Real Madrid this summer following Jose Mourinho's Santiago Bernabeu arrival.
Chelsea were in action for the first time this summer in a 1-0 pre-season win over Crystal Palace, but Cole remains on holiday after playing in the World Cup finals.
Ancelotti insists he has not spoken with Cole as he does not need to as the ex-Arsenal man remains under contract and the Italian is 100 per cent confident will still be a Chelsea player next season.
"I didn't speak with him, I don't need to speak with him and he doesn't need to speak to me," Ancelotti told the club's official website on speculation linking Cole with Real.
"He is a player of Chelsea, did a fantastic season for us and will be an important player for us next season. One hundred per cent."
Chelsea have also been linked with Liverpool's World Cup winner Fernando Torres this summer with the club reportedly mulling over a whopping £50million offer.
However, the Italian tactician has hinted he will not strengthen his forward line during the close season as they have the likes of Nicolas Anelka, Salomon Kalou and Daniel Sturridge to compliment Didier Drogba.
"I don't think we need other strikers - nothing has changed because in the next days come back Drogba, Anelka and Kalou and we have Sturridge," he concluded.