Ancelotti put everything on hold in order to focus on their Champions League semifinal against Bayern Munich.
He said: "We were happy on Saturday because we won the league, but we had to control our happiness because we had to prepare for this game.
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"We'll put the league aside and on then, on Thursday we'll figure out how we're going to celebrate the league title. Of course we're going to celebrate it."
Ancelotti also said: "Part of the squad that started in 2014 is still here. The transition has been managed very well during this period. The overall approach is always managed by players like Kroos, Modri, Nacho, Carvajal, Lucas Vzquez...
"They're dealing with this transition and the young players are learning very well how they have to conduct themselves at Real Madrid."