The striker has announced he will leave this summer when his contract expires.
After victory over Granada, Ancelotti said: "It's a question that I'm not taking into consideration at the moment. We have a lot of things to do: today we played and we can't wait to celebrate tomorrow with the fans.
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"And then, many other games to come. Until the 1st June we have a very clear idea of what we need to think about."
French President Emmanuel Macron has said he will put pressure on Real Madrid to let Mbapp go to the Olympics. But Ancelotti said: "Could this pressure influence me? Pff, let's say I can't comment on what the president of France says, I don't have the right."