Clement has worked with Ancelotti at Chelsea, Paris Saint-Germain, Real Madrid and Bayern Munich but has no interest in linking up with the Italian again should he take the Everton job.
Speaking ahead of Swansea’s visit to Arsenal, Clement said: “It would not interest me at all. I enjoy being here.
“This is a really good club,” the Englishman said, “it is a massive challenge that I am enjoying and I have no plans to go anywhere. I have not spoken to Carlo so I have no idea about that.”
Clement’s future at Swansea
Despite guiding the club to safety last season, a poor start to the 2017/18 campaign has led to a few rumblings that Clement may exit the club mid-season like his predecessors Francesco Guidolin and Bob Bradley.
Clement responded: “When I arrived in January we played 19 games and had 12 points. We have had nine games, I believe I should be judged at the end of season after 38 games.
“There was talk of us going down among pundits and media and then we went and won four of the last five games.” The former Derby County manager said. “I know you have to keep level-headed. There are good moments around the corner if you work hard and stay focused.”
He went on to say: “If you are persistent and maintain belief and stay together - myself and the players are positive - and are not too down or too high. We know if we stay together and persevere that the rewards will come.”
He will be desperate for something at the Emirates Stadium, as his side are only above the relegation zone on goal difference and will not be looking for a repeat of last season.
Clement will be without key players though, as Martin Olsson, Renato Sanches and Wilfried Bony will all miss the trip to London.