Ancelotti was speaking at Monday's media day ahead of the Champions League final.
He said, "The work we've done with Vini has been good. He's added to his great talent with qualities like movement without the ball, moving off the ball better, choosing when to go inside and when to go outside.
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"He's still developing a lot. I think he's more focused on team awards than individual ones. He's more focused on winning a Champions League with Real Madrid than on winning individual awards."
Ancelotti also discussed Arda Guler: "Arda has shown in the last few games how good he is, how talented he is and that he can be useful during the game. He'll play because he's on a fantastic goalscoring streak, he has a 100% success rate and he's an option for us."