The Rossoneri tactician has been a reported target of the Russian outfit, but has pledged his loyalty to the Serie A side for the foreseeable future.

"Those are rumours without any truth," Ancelotti said. "I am very happy at Milan and in fact I´ve been here seven years."

Ancelotti is the longest-serving coach at one club in Italy´s top flight and is under contract with the Italian giants until June 2010.

Milan vice-president Adriano Galliani has no intention of letting Ancelotti leave the San Siro.

"It´s a reciprocal love between Ancelotti and Milan," Galliani said.

"Ancelotti has been eight years at Milan, we have overcome the seven-year itch and hence, there are no problems."

Ancelotti weathered the storm after the Rossoneri finished a disappointing fifth in Serie A last season and failed to qualify for the Champions League.

Milan also started the campaign on the wrong foot but have recovered their form of late.

Sunday´s emphatic 3-0 triumph against Sampdoria marked their fourth league victory in five games.

The Rossoneri are sixth in the standings, three points behind Serie A leaders Internazionale after seven games.